Analyst: Bitcoin medium- and long-term indicators all support a bullish outlook through 2025
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Odaily Odaily News reports that Fairlead Strategies founder Katie Stockton believes that Bitcoin has a bullish trend in the medium to long term. As time enters 2025, the long-term upward trend of cryptocurrencies will continue. Katie Stockton explained: "Our medium-term indicators show that Bitcoin will move towards higher price levels, supporting its bullish prospects after short-term consolidation. This suggests that a severe correction can be avoided. Our long-term indicators rose last month, supporting the bullish outlook for 2025." According to Bloomberg data, inflation data has strengthened bets on the Federal Reserve's next rate cut, and Bitcoin rose nearly 5% on Wednesday, the largest increase in two weeks, before giving back some of those gains, with the trading price at $100,665 as of 8:52 am Singapore time on Thursday.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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