Katie Stockton, founder of Fairlead Strategies, said that Bitcoin has bullish momentum in the medium and long term. As time moves into 2025, the long-term upward trend of cryptocurrencies will continue.
Katie Stockton explained: "Our medium-term indicators show that Bitcoin will move to higher price levels, supporting its bullish outlook after short-term consolidation. This suggests that a severe correction can be avoided. Our long-term indicators moved higher last month, supporting the bullish outlook for 2025."
According to Bloomberg data, inflation data has strengthened bets that the Federal Reserve will cut interest rates again. Bitcoin rose nearly 5% on Wednesday, the biggest gain in two weeks, and then gave up some of its gains. As of 8:52 a.m. Singapore time on Thursday, it was trading at $100,665.