Bitcoin Price Could Hit $108K, Key Support Levels To Watch
Highlights
- A top analyst hints at a Bitcoin price rally to $108K ahead.
- BTC has ended the year with a strong recovery after a recent volatile trading.
- Another market expert hints at a potential BTC rally to $104K in the near-future.
As Bitcoin price started the year on a positive note, a flurry of market enthusiasts are eyeing further rallies for the flagship crypto. Top experts even predicted a potential BTC surge to $108K in the coming days as a flurry of market developments hinting towards a potential market rally. So, let’s look at the key support levels that BTC should hold to continue its rally in the coming days.
Bitcoin Price Eyes Rally To $108K
Bitcoin price has recorded a robust rally this year, especially after Donald Trump’s election win in November. The optimism was further bolstered after Donald Trump pledged to make the US the crypto capital while hinting towards a potential creation of a BTC strategic reserve in the US.
Amid this, top market expert, Ali Martinez said that Bitcoin price is poised to hit $108K in the coming days, boosting market optimism. In a recent X post, he highlighted the technical charts of BTC, indicating a potential BTC price rally to $108K in the coming days.
Meanwhile, the expert noted that if BTC could soar past the $94.7K level, it could target the $97.5K level next. In addition, he also predicted that once the flagship crypto soars past these crucial supports, it could rally to $108K next hitting a new ATH.
However, he also warned that if Bitcoin price fails to maintain the $92,500 support, the bearish sentiment may continue to dominate. It also resonates with some recent warnings from experts. For instance, Peter Brandt has recently warned over a potential Bitcoin crash to $70K.
What’s Next For BTC?
Bitcoin price noted a significant recovery on the last day of the year, signaling the growing confidence of investors. In addition, the Trump inauguration on January 20 has also fueled sentiment, given the Republican leader’s pro-Bitcoin stance recently.
Meanwhile, in a recent analysis, a prominent crypto market expert Jelle said that Bitcoin is poised to hit $150K in 2025, sparking market optimism. However, pro-XRP lawyer Bill Morgan countered the comments, saying that XRP and HBAR will outperform BTC and other top altcoins.
On the other hand, another top market expert Michael van de Poppe hinted that despite the recent correction concerns, BTC is likely to hit $104K ahead. This showcases the growing market confidence towards the flagship crypto. Also, a recent BTC price analysis hinted at a potential rally to between $150 and $300K in 2025.
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