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Bitcoin’s Ongoing Accumulation: Setting the Stage for $130K in 2025?
The king coin has been witnessing multiple corrections over the past few weeks after breaching the $100k mark, resulting in a nearly 3% decline. The recent downturn has pushed Bitcoin’s value under $94k once again, with its current trading price at $93.134 and a market capitalization of over $1.84 trillion.
It is essential to recognize that this latest decline has pushed BTC’s price below the previously established resistance level. However, Bitcoin’s ongoing accumulation phase might set the stage for an impressive growth trajectory in 2025. A recent analysis suggested that it could potentially reach $130k by the first quarter of next year.
The market capitalization of Bitcoin has exceeded $1.84 trillion, indicating a massive accumulation phase.
Source: ambcrypto.com
