Bitcoin Predicted To Hit All-Time High Of $122,000: Here’s When

Bitcoin (BTC) faced a steep correction connected Monday, Jan. 27, 2025. BTC has dipped beneath $100,000, and different assets are pursuing suit. The plus is down 5.8% successful the regular charts and 7.8% implicit the erstwhile week. Despite the dip, BTC is up 6% successful the 14-day charts, 4.9% implicit the erstwhile month, and 137.1% since January 2025.

Source: CoinGecko

Also Read: Bitcoin At $98K: Why Is The Cryptocurrency Market Down Today?

Here’s Why The Cryptocurrency Market Could Be Down

Source: Watcher Guru

The latest marketplace dip is apt owed to larger macroeconomic developments. The US dollar is gaining steam. Investors whitethorn person moved to safer assets, staying distant from Bitcoin (BTC) and different cryptocurrencies.

Inflation successful the US roseate to 2.7% successful December 2024. The Federal Reserve took a hawkish stance with its monetary argumentation to combat rising inflation. The Fed announced lone 2 involvement complaint cuts successful 2025 alternatively of three. The improvement whitethorn person led to little inflows into BTC and different cryptocurrencies.

Also Read: Gold Drops 2% arsenic Dollar Surges: Fed Rate Decision Shakes Markets!

Bitcoin To Hit A New All-Time High?

According to salient cryptocurrency analyst, Ali Martinez, if BTC’s head-and-shoulders signifier fails, the plus could emergence to a caller all-time precocious of $122,000. Hitting $122,000 from existent terms levels volition entail a rally of astir 23%.

The nonaccomplishment of this head-and-shoulders signifier suggests a imaginable upside people of $122,000 for #Bitcoin $BTC! pic.twitter.com/vMTfoaRNSO

CoinCodex besides presents a bullish outlook for Bitcoin (BTC). The level anticipates the plus to proceed rallying implicit the adjacent fewer months. According to CoinCodex analysts, BTC could deed $151,748 connected April 24, 2025. Hitting $151,748 from existent terms levels volition construe to a rally of astir 52.99%.

Source: CoinCodex

Also Read: Can Solana (SOL) Hit $400 In Q1 of 2025?

There is besides a anticipation that BTC volition proceed to dip. The macroeconomic developments could dilatory down investments successful cryptocurrencies. How the archetypal crypto moves implicit the adjacent fewer weeks is yet to beryllium seen.