Bitcoin remains on a stabilization course.
On the Bitstamp trading platform, the oldest and best-known cryptocurrency rose to around $96,500 by midday on Thursday.
On Monday, Bitcoin initially stopped its slide at a good $91,300 after reaching its record high in mid-December. Since then, the cryptocurrency has recovered somewhat.
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“The start of 2025 has been successful,” wrote analyst Timo Emden from Emden Research. Many investors are now likely to take advantage of one of the last opportunities to get into Bitcoin before US President-elect Donald Trump moves into the White House on January 20th.
A few weeks before the inauguration, according to Emden, the fantasy remains alive that the regulatory belt in the largest economy will be significantly loosened. Investors are also relying on the rapid introduction of strategic Bitcoin reserves. According to the expert, it remains to be seen what position Bitcoin and Co will actually occupy on the priority list in the first days of Trump’s term in office.
From a market perspective, Bitcoin’s outlook has dimmed after peaking at $108,364 on December 17 and coming under severe pressure shortly thereafter. Investors interested in chart technology can see a trend reversal in the price of the cryptocurrency, which calls for caution. If Bitcoin falls below the level of around $90,700, the downward pressure could intensify.
From a chart perspective, the next support for Bitcoin would be the region around $82,600. This is where the 100-day average line currently runs, which describes the medium-term trend.
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FRANKFURT (dpa-AFX)