Recently, cryptocurrencies have been going through a rough patch. Even bitcoin is going through a difficult period: On February 25, its price dropped from $89 thousand to its lowest level since October 2024. Approximately 12% of all bitcoin addresses have suffered losses.
On the Ethereum chart, there is a «death cross» — crossing of the 50-day moving average below the 200-day, which is a bearish signal (for further decline). Since Bitcoin and Ethereum are closely correlated, this adds to the pessimism in the market.
Other popular tokens are also under pressure: BNB, SOL, DOGE, and LINK are all trading below their 200-day SMAs, as is ETH.
Interestingly, in 2020, former Binance CEO Changpeng Zhao (CZ) made a prediction about the BTC exchange rate in 2025. He wrote about a drop from The current situation suggests that a further drop is possible. This was also mentioned byFoundation Devices CEO Zach Herbert and cryptanalyst Ali Martinez.
Bitcoin price forecast for the future
- If the decline continues, bitcoin may test the $86 thousand level or even lower — to $70 thousand, noted analysts at CryptoQuant. This could happen due to further liquidations and a weak inflow of new capital (thanks to Trump, scam artists, as well as hackers).
- Other experts consider the current drop to be a temporary correction after a significant growth in 2024, when bitcoin exceeded $100 thousand. If the market stabilizes, the price may return to the range of $90 thousand — $100 thousand by mid-2025.
- Some forecasts remain ambitious. For example, HashKey Group provides for bitcoin’s growth to $300 thousand in 2025 under favorable regulation (particularly in the United States) and institutional capital inflows.
Spelling error report
The following text will be sent to our editors: