Bitcoin Stalls at $84K, But Analyst Says 2025 Could Mirror Last Year’s Breakout
Bitcoin is trading at $84,596, down 0.1% in the last 24 hours, approximately 22% below its all-time high of over $109,000. The asset remains range-bound, indicating investor hesitancy amid macroeconomic uncertainties. Analyst Crypto Dan compares Bitcoin's current behavior to past correction cycles, noting that the percentage of Bitcoin supply held for one week to one month has reached levels associated with market bottoms. This suggests speculative excesses have subsided, potentially allowing for price growth if macroeconomic conditions improve. Additionally, CryptoQuant contributor Mignolet reports a significant movement of around 170,000 BTC from mid-term holders, historically linked to increased price volatility. This activity may signal an impending breakout or breakdown in Bitcoin's price.
