Bitcoin Faces Critical Support and Revised Price Targets Amid Shifting Market Dynamics
Bitcoin Faces Critical Support and Revised Price Targets Amid Shifting Market Dynamics
Bitcoin is currently navigating a precarious market, with bulls aggressively defending the critical $100,000 support level, a breach of which could accelerate selling and pull prices below $87,800. Adding to the cautious outlook, Galaxy has trimmed its 2025 Bitcoin price target to $120,000, attributing the revision to changing liquidity patterns and leveraged liquidations.
Bitcoin bulls are aggressively defending the critical $100,000 support level, as a break below it may accelerate selling, potentially pulling BTC price below $87,800.
Galaxy pointed to changing liquidity patterns and leveraged liquidations as key reasons for cutting its Bitcoin price outlook.