The analyst who accurately described the highest Bitcoin prices forecast for 2025 Bitcoin It will print more rises if it holds one key level as support.
The analyst goes by the alias KillaXBT He tells His 201,300 followers on
“From a purely structural standpoint, there is nothing bearish at the moment. Does that make me bullish? No. But based on the current PA (price action) alone, that is the truth. We have reversed the April high as well as holding open monthly range highs at $76,000. If you are looking for short trades, the smarter approach is to wait for clear structural acceptance. Right now, that confirmation is lacking, we are still trading above the April range highs (from $79,505).
A potential short setup will only be triggered if Bitcoin begins to move back below its April highs and shows convincing signs of bearish acceptance. This would open the door to scalp short trades targeting a return towards the monthly open. Until then, selling here is essentially betting that this move above the April high is just an aberration. If not, the price may continue to rise, making selling risky.
The famous crypto strategist with the pseudonym Credible Crypto as well He believes Bitcoin’s fundamentals are strong and the best digital assets are likely to extend their rally in the near term.
“So far, Bitcoin looks strong. It continues to rise to the HTF bid (higher time frame) due to negative funding and a relatively strong spot premium: this looks like a healthy rally. I wouldn’t be keen to sell this move even though we are in the HTF bid: no clear/obvious signs of weakness yet.”
Bitcoin is trading at $81,348 at the time of writing, which is flat during the day.
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