Bitcoin’s recent price struggles have been closely tied to global economic events, with prices dipping below $90,000 amid Trump’s tariff threats. The market remains divided on Bitcoin’s future, with some predicting $1 million while others foresee a global sell-off. Despite the uncertainty, industry executives like Binance’s CZ remain optimistic about Bitcoin’s long-term potential.
The crypto landscape in 2025 has been marked by extreme volatility, with Bitcoin hitting dramatic highs and lows. After briefly surpassing $109,000 following Trump’s return as the U.S. President, Bitcoin is now facing challenges staying above the $90,000 threshold. Trump’s tariff agenda has added further pressure on global trade and investor confidence, casting a shadow on Bitcoin’s near-term momentum.
Analyst and Bitcoin educator Dan Held noted the emotional rollercoaster of bearish moments in the market, urging investors to remain calm and HODL. Despite the challenges, Binance founder CZ remains bullish on Bitcoin’s future, stating that it’s “definitely going to $1 million.” Other industry leaders like Cardano’s Hoskinson have also made bold predictions, suggesting Bitcoin could reach $250,000 with the involvement of tech giants like Apple and Microsoft.
Not every industry leader shares the same optimism, as noted by Peter Schiff’s criticism of Bitcoin. Schiff highlighted Bitcoin’s decline in value against other currencies, suggesting that holders in Europe and Japan may be more inclined to sell their holdings. Despite the conflicting views, Bitcoin’s short-term trajectory remains uncertain, with volatility clouding its future outlook. On-chain data suggests that the majority of holders are currently “in the money,” but technical indicators offer a more balanced perspective.
Bitcoin’s recent uptick to $83,757.72 hints at growing bullish momentum, supported by a positive CMF reading. However, the RSI hovering around 50 shows hesitation among buyers. Analysts suggest that if momentum continues to build, Bitcoin could face resistance near the $94,500 mark, potentially leading to a major breakout. The future remains uncertain for Bitcoin, with market sentiment and global economic events playing a significant role in determining its trajectory.
