As the year 2024 comes to an end, the cryptocurrency community is eagerly looking forward to everything that the coming year has to offer. The past 12 months have been special for the industry as Bitcoin (BTC) managed to move beyond the $100,000 mark. It should be noted that the king coin started the year at a low of $38,521.89. But by the end of it, BTC managed to surge to a high of $108,268.45. Will the asset carry this trend to the next year?
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Looking Into The Latest Bitcoin Market Events
Bitcoin’s annual uptick currently stands at 121%. After staying strong above the $100,000 mark for quite some time, BTC recently dropped down to a low of $91,317. At press time, the king coin was trading at $93,980.43. This comes after a 0.27% surge over the past 24 hours.
With the year coming to an end, several analysts were rolling out new predictions for 2025. Many were leaning towards a modest $150,000. Amidst this, a majority of them were suggesting that BTC could surge to $250,000. These predictions were fueled by Donald Trump taking office in the coming year and making new changes that could be bullish for the entire cryptocurrency ecosystem.
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January 1 Price Prediction
According to data from CoinCodex, Bitcoin will get back above the $100,000 level over the next couple of days. But the start of the year will be on a rather sad note. It looks like the king coin will record a slight drop on January 1. BTC will trade at $93,660 on the first day of the year.
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While this may seem like a sad start, the year holds notable upticks in the coming weeks for the king coin.