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Bitcoin’s price has been experiencing a sideways movement recently, but experts are warning of a massive surge in the coming months. According to CryptoQuant’s Head of Research, Julio Moreno, the current market conditions indicate that Bitcoin may test $99,000 before the year-end.
Moreno believes that Bitcoin will trade between $87,000 and $99,000 in the short term if the current trend continues. This prediction is based on on-chain data showing the average price at which traders brought their Bitcoin, also known as the realized price. In bull markets, prices often correct towards this level before moving higher again.
The expert has stated that there’s a stronger chance of seeing a dip toward $99,000 before any major rally if demand for Bitcoin weakens in the coming weeks. However, he also pointed out that in order to see Bitcoin climb to $138,000, demand would need to strengthen.
It is essential to note that historically, Bitcoin performs well in the final quarter of the year during bull cycles, so a strong finish to 2025 isn’t off the table.
Source: coinpedia.org
