Bitcoin on January 3 – BTC between $150,000 and $400,000 for 2025 according to Blockware

After two consecutive positive years for Bitcoin, operators expect a lot from the king of cryptos for 2025. However, certain data such as Google searches linked to BTC or even volumes on the spot market seem to indicate that Bitcoin could continue its momentum . Despite everything, January is not the most prolific month in the history of Bitcoin.

The latest report from Blockware is rather optimistic on Bitcoin, with forecasts of up to $400,000. Let's see the different possible scenarios in today's bulletin!

The price of Bitcoin stagnates over a month

Despite a slight increase of 1.2% in 24 hoursthe price of Bitcoin stagnates over a month :

Pair 1H 24H 7J 1M 3M 6M

BTC/ETH
0.06% 0.01% -1.64% 7.09% 8.90% 48.07%
BTC/USDTBTC/USDT
BTC/USDT
-0.22% 1.19% 0.42% 0.41% 55.72% 67.60%

Bitcoin performance against different pairs. Source: Coincheckup

BTC is in the green for six months against the dollar (+67.6%). For its part, the BTC/ETH pair drop of 1.6% in one weekbut it climbs 7% in one monthof 9% in three months and of 48% in six months.

Blockware envisions three bullish scenarios for Bitcoin in 2025

To be able to estimate a price targetBlockware is based on different possible scenarios. According to the company's analysts, theintensity of the increase will depend on factors such as the creation of a strategic reserve of BTC in the United StatesTHE macroeconomic conditions (rate) and theadoption of cryptocurrencies by businesses in the traditional world. In total, Blockware plans three scenarios :

According to Blockware's report, the price of Bitcoin could reach $400,000 in 2025 if certain conditions are met - January 3, 2024.According to Blockware's report, the price of Bitcoin could reach $400,000 in 2025 if certain conditions are met - January 3, 2024.
Blockware forecast for Bitcoin price in 2025. Source: Blockware report

The most conservative scenario is to see a BTC at $150,000 in 2025. For this, it would be necessary that Trump does not set up a strategic reserve in BTCthat the Fed changes behavior with regard to rates, and that HODLERS start distributing their BTC.

The second scenario considers the fact that the BTC currently held in the US are transformed – officially – into strategic reserve. This would have a massive impact, because the BTC would inevitably become a store of value for one of the richest countries in the world. To have a Bitcoin at $225,000it would also be necessary that the Fed cuts rates as expectedand that theBTC adoption by businesses continues to increase at the same rate than currently (MicroStrategy, Metaplanet, etc.).

Finally, the most optimistic scenario: a Bitcoin at $400,000. For this to happen, it would not only be necessary for the United States to put in place a reserve in BTCbut also that they plan to accumulate even more. Furthermore, for such a scenario, the Fed will have to be even more flexible than expectedand the intensity of purchases of BTC by companies will have to increase.

BTC price approaches resistance at $99,000

The king of cryptocurrencies has bounced off support at $92,000and he heads towards the resistance at $99,000. For the moment, BTC remains stuck in a range between these two terminals :

Bitcoin price approaches resistance at $99,000 – January 3, 2024.Bitcoin price approaches resistance at $99,000 – January 3, 2024.
Bitcoin price against the dollar (4H)

To be able to get out of range and find the last summits, we will have to arrive at make sellers give in around $99,000. Otherwise, BTC could return to the level of bottom of the range at $92,000. For its part, the RSI is back on the bearish trendline. The break of the trendline could cause bullish volatility.

Bitcoin price is trying to return to resistance at $99,000. If buyers prevail at this level, the price could return to the highs of 2024. According to Blockware, whatever happens, the year 2025 will be positive for Bitcoin.

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