$BTC

Bitcoin (BTC) is currently trading around $102,600, experiencing a slight dip over the past 24 hours. The cryptocurrency has shown strong support around the $100,000-$102,500 mark, a critical zone it has maintained since May.

Despite recent bearish sentiment due to geopolitical tensions and unstable market conditions, many analysts remain highly optimistic about Bitcoin's long-term trajectory. Price predictions for 2025 range widely, with some forecasts reaching $150,000 to $250,000, and even ambitious targets of $1 million in the long run. Factors like growing institutional adoption, the increasing stablecoin economy, and the potential for new strategic Bitcoin reserves in some countries are cited as key drivers for this bullish outlook.