bullish

Bitcoin

Daily

<p>Gareth Soloway, a trader with 25 years of experience, recently shared his views in an <a href="https://www.youtube.com/watch?v=kbEeiVLmCLU" target="_blank" rel="noreferrer noopener">interview with Altcoin Daily’s Arnold</a>. Reflecting on his time during the dot-com bubble, Soloway explained how he learned to read charts, which he describes as becoming "the casino instead of the gambler." This strategy helped him achieve success in the markets.</p>   
<p>Today, Soloway sees Bitcoin’s future tied to growing economic tensions, which could drive its price higher. Historically, Bitcoin has performed well in times of economic uncertainty. </p>   
<p>Given these conditions, could Bitcoin really reach $200,000 by 2025? Let’s take a closer look at Soloway’s analysis.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-s-journey-to-150k-and-maybe-more">Bitcoin’s Journey to $150K – and Maybe More</h2>   
<p>Bitcoin recently came close to $100,000, but it didn’t break through, leading to panic selling from weaker investors. Soloway believes Bitcoin will stabilize around $91,000–$92,000 before continuing its rise. He expects a short-term peak of $107,000–$108,000, followed by a drop to $74,000–$75,000.</p>   
<p>Looking further ahead to the end of 2025, Soloway predicts Bitcoin could hit $150,000. However, if the right conditions line up—what Arnold calls a "perfect storm" of factors like economic uncertainty, inflation, and high government spending—Bitcoin might even reach $200,000. </p>   
<blockquote class="wp-block-quote">
  
 <p><em>“Excessive spending and growing deficits only boost Bitcoin’s adoption as digital gold,” </em></p> 
</blockquote>   
<h2 class="wp-block-heading" id="h-all-eyes-on-altcoins">All Eyes on Altcoins </h2>   
<p>Soloway also suggests investors should keep an eye on Bitcoin dominance charts. He expects altcoins to outperform Bitcoin in the near future, which could lower Bitcoin’s dominance. This shift could offer a good opportunity for investing in altcoins.</p>   
<p>While Bitcoin’s future looks promising, Soloway emphasizes the importance of understanding market psychology and using technical analysis. Although Bitcoin may rise to $150,000–$200,000, traders should be prepared for short-term corrections and look for opportunities in altcoins as well.</p>   
<h2 class="wp-block-heading" id="h-key-bitcoin-levels-to-watch"><strong>Key Bitcoin Levels to Watch </strong></h2>   
<p>At the moment, Bitcoin is having trouble breaking above the $97,000 mark. If it can’t push past this level, Soloway warns that a pullback is possible, with support levels at $95,750, $95,000, and $93,000. If Bitcoin falls further, $91,000 could be the next key support level.</p>   
<p>Still, some technical indicators show promise. The MACD (a momentum indicator) is moving bullish, and the RSI (Relative Strength Index) is above 50, which suggests Bitcoin has some strength. However, the $97,000 and $98,000 levels remain important resistance points to watch.</p>   
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper">
   https://www.youtube.com/watch?v=kbEeiVLmCLU 
 </div>
</figure>

Bitcoin Price Prediction 2025: $150K-$200K, Says Veteran Trader

Table of Contents

CoinPedia News

Other articles published on Nov 28, 2024

Hong Kong Expands Tax Exemptions to Attract Investors in Cryptocurrency and Private Credit

Top Analyst Predicts This $0.045 Multichain Token Will Dethrone Solana by 2025!

Cardano Price Prediction For November 28

Solana Innovates, Stellar Expands, and Qubetics Redefines Blockchain Technology

Best Meme Coins to Buy Today: BTFD Coin, Floki Inu, and Non-Playable Coin

Trump’s Team Discusses Potential White House Crypto Role Amid Growing Industry Influence

Join our free newsletter for daily crypto updates!