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Bitcoin Price Faces Uncertainty: Will the 2025 Rally Continue or End Below $60K?
The recent price action of Bitcoin has left investors in a state of uncertainty, as the cryptocurrency’s future direction remains unclear. The asset’s rally since the start of 2025 has been impressive, with many anticipating further gains. However, according to Quinn Thompson, founder of crypto hedge fund Lekker Capital, this rally may not be without its challenges.
Thompson believes that Bitcoin price is signaling a potential correction below $60K, which could see the asset return to a five-figure handle by the end of the year. This dire forecast has sparked concern among long-term holders, who had been optimistic about the cryptocurrency’s continued growth.
The uncertainty surrounding this prediction comes as investors are grappling with the impact of recent market developments. The White House’s announcement regarding the creation of a strategic Bitcoin reserve and regulatory framework from Congress has sent mixed signals to the market. Many have interpreted this development as a “sell-the-news” event, which could lead to a sharp correction in price.
Despite these concerns, it is essential for investors to consider the bigger picture. From a technical analysis standpoint, it appears that Bitcoin may be on the cusp of an unprecedented parabolic rally before the end of the year. This would mark the fourth consecutive major bull market peak since 2019.
Source: https://coinpedia.org/price-analysis/bitcoin-price-faces-uncertainty-will-the-2025-rally-continue-or-end-below-60k/
