Bitcoin needs a 6.24% rally to close 2025 in the green: Analyst
Many analysts previously forecast that Bitcoin would hit a price target between $180,000-$250,000 in 2025, but the price has fallen flat.
The yearly Bitcoin (BTC) price candle is set to close in the red, ending 2025 lower than at the start of the year, unless BTC can rise by 6.24% above the yearly open of about $93,374.
“3 days for Bitcoin to recover and close up on the year. If not, this will be the first post-halving year we close in the red. 6.24% required to make this a green candle,” Puckrin said.
Bitcoin hit an all-time high above $125,000 in October, days before a historic market crash put a dent in Bitcoin’s rally and dropped crypto prices across the board.
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