How High Will Bitcoin Trade During The End of January 2025?
The world’s largest cryptocurrency Bitcoin (BTC) kickstarted the first month of the new year on a rather slow note. The asset was trading below $100,000. But soon enough the king coin managed to rise and even hit a brand new high. While the start of January was quite sloppy, the community is sure that BTC will conclude the month on a strong note.
A Glance At Bitcoin’s New Peak
Amidst Donald Trump taking office, the price of Bitcoin and the rest of the market surged. On January 20, the king coin recorded an all-time high of $109,114.88. While the community assumed that the asset would continue this momentum and reach $115,000, BTC stepped back. The asset witnessed a massive correction and is currently 6.66% below this peak.
At the time of writing, Bitcoin was trading at $102,043.36 following a 3.11% drop over the past 24 hours. Earlier today, the cryptocurrency was priced at a high of $105,557.50 before dipping to its latest low.
The market has increased hopes for BTC to close the first month of the year on a good note. Several believe that it will get its one last boost during this time before commencing the new month.
Price Prediction
It seems like Bitcoin is all set to bid goodbye to January on a positive note. The king coin will trade at a high of $111,598 on the last few days of the month. This marks a new peal for BTC and it translates to a 9.46% rise from its current price level.
On the last day of the month, Bitcoin will be priced at $110,686, according to data from CoinCodex. The king coin is certainly garnering a head start into the coming month.
