Bitcoin shows exhaustion as analysts say $125K target unlikely in 2025

Bitcoin's price action suggests exhaustion, with analysts tempering optimistic forecasts, such as the $125,000 target for 2025, which is near the previous all-time high. ShapeShift analyst Houston Morgan noted that a new bull run requires Bitcoin to decouple from announcements by US President Donald Trump. Selling intensified recently, pushing BTC to four-month lows around $100,800, as Bitfinex analysts observed persistent distribution from long-term holders exerting structural pressure. They warned that failure to quickly rebound above $116,000 could lead to further downside, especially as the Crypto Fear & Greed Index plunged into "Extreme Fear." This weakness contrasts sharply with recent predictions from figures like Tom Lee and Arthur Hayes, who maintained a $200,000 to $250,000 year-end target, though Galaxy Digital CEO Mike Novogratz suggested such a move would require perfect conditions. Analysts remain divided on 2026, with some predicting an "up year" while others foresee a bear market.

(Source：Cointelegraph)