Bitcoin Price Could Test $99K Before a Year-End Surge, Says Market Expert

Bitcoin’s price has been moving sideways in recent sessions, but a big breakout could be coming soon. Currently, the price is consolidating just under a major resistance trendline on the daily chart. This level has held firm for several days, creating tension in the market as traders await the next decisive move.

Interestingly, analyst Ted Pillows pointed out that back in 2020, a huge government spending bill helped send Bitcoin to record highs. Now in 2025, another spending bill is on the way, and this one is even bigger, hoping that history might repeat itself.

In a recent interview, CryptoQuant’s Head of Research, Julio Moreno, shared his outlook for Bitcoin’s price over the next two to three months. According to Moreno, Bitcoin is likely to trade between $87,000 and $99,000 in the short term if current market conditions continue.