Bitcoin enters ‘acceleration phase’ resembling BTC price gains seen after Trump election victory
Bitcoin is reportedly entering an acceleration phase, reminiscent of its price increases following the Trump election victory. The Bitcoin Quantile Model suggests the cryptocurrency is currently in a Transition Zone, which often precedes significant price rallies. A previous rally in Q4 2024 saw Bitcoin increase by 45% post-election. Analysts anticipate that Bitcoin could target price levels between $130,000 and $163,000 in the upcoming months, and some believe a price above $200,000 could be feasible in 2025. However, Bitcoin's current trading volumes are low, which may hinder its ability to reach new all-time highs, which should be supported by higher volume patterns. As of May 21, retail demand for Bitcoin remains low, significantly below levels seen during previous price surges. Observations indicate that strong trading volume is critical for confirming a breakout. Experts are closely monitoring these volume dynamics as Bitcoin approaches its historical price peak.
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