Essential Insights
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Market Resilience: Bitcoin’s bull market remains intact if it holds near the $100,000 mark, despite recent market turbulence leading to downward revisions of year-end targets.
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Price Target Update: Galaxy Research has lowered its 2025 Bitcoin target from $185,000 to $120,000, highlighting the impact of macroeconomic factors and significant whale distribution.
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Market Reset Outlook: Coinbase Institutional views recent sell-offs as a necessary market reset, indicating solid fundamentals and a shift in investor behavior towards targeted assets.
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Future Growth Potential: As institutional interest resurfaces and the Federal Reserve potentially adopts a dovish stance by year-end, both Galaxy CEO and Coinbase anticipate a base-building phase could pave the way for future price gains.
Galaxy Research Slashes Bitcoin (BTC) 2025 Target to $120K Amid Market Turmoil
The cryptocurrency market faces challenges following a dramatic crash on October 10. This event led to severe liquidations that affected many digital assets. As a result, Galaxy Research has cut its 2025 price target for Bitcoin from $185,000 to $120,000.
In a recent tweet, Galaxy noted that 72 of the top 100 cryptocurrencies now trade at least 50% below their all-time highs. Macro factors, including whale distribution and competition from AI and gold, have intensified market pressures. Despite these setbacks, Galaxy remains optimistic, stating that Bitcoin is entering a ‘maturity era.’ They believe that if Bitcoin holds around $100,000, its nearly three-year bull market will stay intact.
Meanwhile, Coinbase Institutional views the recent sell-off as a potential reset for the market. They suggest that the clearing of excess leverage points to an evolving landscape where institutional investors are gradually returning. Smart capital appears to be focusing on Ethereum Virtual Machine (EVM) chains and real-world assets, indicating a selective return to risk.
Galaxy CEO Mike Novogratz attributes recent market behavior to long-term holders rebalancing strategies after a lengthy bull cycle. He believes this adjustment is healthy for future growth. Additionally, Novogratz anticipates a new Federal Reserve chair might adopt a more accommodating stance by year-end, which could fuel the next upward movement in crypto prices.
As Bitcoin faces volatile conditions, the evolving market landscape hints at underlying resilience and opportunity for growth in technology development within the crypto sphere.
Bitcoin’s three-year bull market remains structurally intact if ~$100K holds, according to Galaxy Research.
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Disclaimer
This content is for informational and entertainment purposes only and does not constitute financial or investment advice. Cryptocurrency is highly speculative and carries significant risk, including the potential loss of your entire investment. Do not make financial decisions based on this information. Consult a licensed financial advisor before investing. This site does not offer, sell, or advise on cryptocurrency, securities or other regulated financial products in compliance with SEC and applicable laws. Please do your own research and seek professional advise.
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