{"id":615026,"date":"2025-01-02T12:03:23","date_gmt":"2025-01-02T12:03:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=615026"},"modified":"2025-01-02T12:03:23","modified_gmt":"2025-01-02T12:03:23","slug":"bitcoin-price-prediction-as-coinshares-says-btc-may-hit-250000-this-best-crypto-wallet-presale-smashes-past-6m","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-coinshares-says-btc-may-hit-250000-this-best-crypto-wallet-presale-smashes-past-6m","title":{"rendered":"Bitcoin Price Prediction: As CoinShares Says BTC May Hit $250,000, This Best Crypto Wallet Presale Smashes Past $6M"},"content":{"rendered":"

The Bitcoin price climbed 2% in the last 24 hours to trade at $95,650 as of 2.30 a.m. EST on trading volume that dropped 25% to $29.96 billion.<\/p>\n

The BTC price has seen struggles throughout the second half of December 2024, ever since it exceeded $107k on December 17. Its price even dropped to $91,392 on December 30 as the coin reached its lowest point since mid-November.<\/p>\n

However, the start of the new year has brought a strong and steady price surge which already allowed BTC to recover to $95.6k. This likely comes from a growing trader and investor optimism, since many believe that 2025 will bring a massive year-long rally that would propel not only Bitcoin but the entire crypto industry to new heights.<\/p>\n

In fact, CoinShares’ head of research, James Butterfill, says Bitcoin could ultimately hit $250,000 per coin, which would be an increase of over 160% from its current price.<\/p>\n

That won’t be this year though, with Butterfill expecting a maximum surge to $150k in 2025. It could also plunge to as low as $80k at some point, he added.<\/p>\n

His optimistic prediction comes due to many factors, including that BTC tends to see a major surge in the year following its latest halving, and the fact that Gary Gensler will step down from his role as the SEC Chair.<\/p>\n

Donald Trump’s administration is also expected to be much more crypto-friendly than the Biden administration, which is helping to build up hype and demand.<\/p>\n

Bitcoin Price Prediction<\/h2>\n

Bitcoin’s price<\/a> is on the rise, but the technical indicators suggest that this is still not the start of a major rally, but rather a slow and steady recovery after major losses seen over the past few weeks.<\/p>\n

The project’s Bollinger bands remain relatively close together instead of seeing a major widening that usually accompanies a massive price explosion. However, they are on the rise, and the price has mostly been fluctuating between the upper band and the middle point between the two bands over the last 24 hours, which is a positive sign.<\/p>\n

But, while the price is pushing the upper band further up, the lower band is following their increase closely.<\/p>\n

\"Bitcoin<\/p>\n

On the other hand, is the project’s Relative Strength Index (RSI) value, which has seen Bitcoin’s price fluctuating between the oversold zone and the neutral value of 50 yesterday, only to suddenly surge up and start similar fluctuations between the overbought zone and 50.<\/p>\n

The RSI did not venture beyond the threshold of the overbought zone, which sits at the value of 70, meaning that the traders remain in control and that they are likely using the RSI as their main signal for buying and selling. They buy when the RSI hits 50 and sell when it climbs up to 70, which again indicates that there is interest in the coin and that traders expect it to see a price surge, but that it is not yet skyrocketing like it would if the next big rally was commencing.<\/p>\n

A Promising Alternative To Bitcoin<\/h2>\n

If you are hoping to invest in Bitcoin and HODL it until its price reaches a new ATH, which may even be the predicted $250,000 per coin, then you will need a good wallet to do so, and Best Wallet<\/a> may be your most promising option.<\/p>\n

Not only that, but the wallet is currently selling its native token, BEST, which could be a good alternative to Bitcoin in terms of potential gains.<\/p>\n

Best Wallet calls itself a Bitcoin and crypto wallet that allows users to store cryptocurrencies from 60 different chains. That, of course, goes far beyond their 60 native coins, as it also includes countless altcoins that run on major development networks such as Ethereum, Solana, BNB Chain, and more.<\/p>\n

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💎 Kick Off 2025 with $BEST<\/a>! 💎<\/p>\n

It’s time to start the year strong. With Best Wallet, you’ll unlock exclusive features, early opportunities, and tools to manage your crypto effortlessly.<\/p>\n

Don't miss out! 🔥<\/p>\n

Download Now 📲 https:\/\/t.co\/RZCs6fkyKm<\/a> pic.twitter.com\/so6e9BP5WH<\/a><\/p>\n

— Best Wallet (@BestWalletHQ) January 1, 2025<\/a><\/p><\/blockquote>\n