BTC Poised for New All-Time Highs by March, Says Crypto Analyst

Analyst Predicts BTC Poised for New All-Time Highs Before March Ends

A cryptocurrency analyst notes that the pro-crypto macro climate indicates that new all-time highs are expected by the end of March, which may make it more difficult for bears of the cryptocurrency to maintain confidence in a short-term price decline.

The air is getting very thin for bears right now. We expect Bitcoin to hit fresh highs by the end of the quarter,

crypto exchange Swyftx lead analyst Pav Hundal

According to Hundal, the volatility levels of the Bitcoin market have returned to those last observed in November, preceding the initial euphoria that accompanied Donald Trump’s election triumph on November 5 and around the US election.

Crypto Analysts Split on Bitcoin’s Q1 Future: Will the Price Hold Above $100K?

Bitcoin experienced a month-long run after Trump’s victory, exceeding its all-time high of $73,679 and hitting the crucial $100,000 mark by December 5. According to CoinMarketCap data, Bitcoin is now trading at $102,108 at the time of publication.

Volatility has just run out of puff, and in the short term, that could spell danger for speculators. We’re in the neighborhood where volatility looks ready to kick higher, and that’s important because it could be deadly for both sides of the market,

Hundal

Significant liquidations were sparked by trader concern ahead of the US election outcome. Bitcoin momentarily fell below $69,000 on November 4, the day before Trump’s victory was officially announced, and Trump’s chances of winning on Polymarket decreased as cryptocurrency market liquidations nearly hit $350 million. However, according to Hundal, apathy is gaining as the cryptocurrency economy prepares to enter the most accommodating period of policymaking in its history.

On the other hand, regarding the direction of Bitcoin’s price in Q1, other cryptocurrency analysts are divided. According to Arthur Hayes, co-founder of BitMEX, Bitcoin may retrace its steps and return to the $70,000–$75,000 level, which might lead to a mini-financial crisis. Dr. Sean Dawson, head of research at Derive, has stated that there is less than a 10% probability that Bitcoin could fall to $75,000 in Q1.

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