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Analyst: Strong long-term backdrop may support cryptocurrency throughout 2025

2025-01-08 13:37:06

BTC1.23%

Odaily Planet Daily News According to independent research provider Fairlead Strategies founder Katie Stockton, the technical signals indicate that BTC has been "Overbought" in the recent pump, and BTC looks likely to fall by double digits. In a report to clients on Tuesday, she expected the world's largest Crypto Asset to weaken further in the near future, despite briefly rising to levels above $100,000 earlier this week. Stockton predicts that BTC is likely to find support around $84,500, which means BTC will fall by 13% from the current level in the next dumping. She also added that BTC may find secondary support at the $73,800 level, which means that if the dumping exceeds expectations, the Token may fall by as much as 25%. Nevertheless, Stockton said that in the long run, she still has a positive view of BTC, and pointed out that a strong long-term background may support the Crypto Asset throughout 2025 (businessinsider)

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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