Naina
07/05 11:23
Firstly, at CoinPedia, we feel optimistic about Bitcoin’s price increase. Hence, we expect the BTC price to create a 2025 high of ~$168,000.
Bitcoin’s performance in Q1 2025 was notably lackluster due to tariff-related concerns alongside the rise in tension between Russia and Ukraine. Yet, it made a remarkable comeback in Q2, particularly during April and May. Driven by easing tensions, Bitcoin surged to a new all-time high of $112,000 by the third week of May.
But, In early June, BTC attempted to hold support near the previous swing low from May after pulling back from its $112K peak.
On June 6th, a positive U.S. jobs report and renewed U.S.-China trade talks sparked a brief bounce from the dynamic support of the 50-day EMA. Yet, by June 10th, the momentum began to wane, with increased selling pressure linked to rising geopolitical tensions, particularly between Israel and Iran
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