The price of Bitcoin dropped back to a crucial support zone around $90,000 on Thursday, wiping out much of the gains seen at the start of the year. It has declined by more than 4% and is currently lagging behind other major assets such as gold and equities. Despite this pullback, many experts remain hopeful about Bitcoin’s potential for significant growth throughout the year, with some forecasting it could soar to $300,000.
Optimism Among Analysts Regarding Bitcoin’s Future
Bitcoin continues to be in a technical bear market after experiencing a decline exceeding 30% from its peak in 2025. This downturn was driven by weakening demand alongside the fading effects of the January market rally.
According to Standard Chartered analysts who spoke with CNBC, Bitcoin might climb up to $150,000 this year—a downward revision from their earlier prediction of $300,000. The adjustment reflects expectations that Digital Asset Treasury (DAT) firms will adopt a less aggressive buying approach compared to last year.
CoinShares’ team projects that Bitcoin will trade within a range between $120,000 and $170,000. Their outlook factors in possible interest rate reductions by the Federal Reserve as inflation continues its downward trend.
In addition, Maple Finance—a well-known player in decentralized finance (DeFi)—anticipates prices reaching approximately $175,000. Bit Mining offers an even more bullish forecast at around $225,000.
Other optimistic voices come from companies like Nexo and FundStrat; Nexo’s analysts expect Bitcoin’s value could rise between $150,000 and $200,000 over time.
The Case Supporting Continued Growth for Bitcoin
This collection of bullish forecasts was shared with CNBC after gathering insights from leading industry firms. A deeper analysis reveals several key factors fueling confidence that Bitcoin may continue appreciating this year.
Firstly, there is widespread hope that the Federal Reserve will maintain or accelerate interest rate cuts—especially if Donald Trump replaces Jerome Powell with someone perceived as more accommodative toward monetary easing. Historically, risky assets like cryptocurrencies tend to benefit when borrowing costs decrease.
Secondly, a forthcoming stimulus package involving tax refunds under Trump’s “Big Beautiful” plan could inject fresh capital into markets. Some taxpayers are expected to receive substantial government payments which might flow into crypto investments.
Additionally, Trump has suggested issuing dividend-like stimulus checks funded through tariff revenues collected by his administration. However, such measures would require congressional approval which appears unlikely at present.
A third point concerns an anticipated Supreme Court decision potentially nullifying Trump-era tariffs on Friday due to questions over presidential authority during non-emergency periods. “If upheld,”&&nbsplower tariffs would reduce costs across sectors and strengthen arguments for further Fed easing policies.
Fourthly,
Analysts also anticipate continued inflows into bitcoin exchange-traded funds (ETFs) throughout 2024 as institutional investors increase exposure.</spans</spans</spans</spans<
>
This momentum is expected partly due to legislative progress such as passage of CLARITY Act reforms aimed at clarifying regulatory frameworks surrounding digital assets.(//^)(//^)(//^)(//^)<
>
Furthermore,x20many experts believe bitcoin still lags behind gold’s recent surge so it may catch up soon.(//^)(//^)(//^)(//^)<
The Technical Outlook & Price Forecast For BTC
&lrmBTC price chart | Source: TradingView&lrm</em&lrm</img&lrm
Analyzing recent charts reveals that BTC pulled back after encountering resistance near &euro94&comma516&period It remains above its 50-day Exponential Moving Average &lparEMA), indicating ongoing medium-term strength&period
Additionally&comma BTC trades above key Supertrend indicators&comma widely regarded among traders as bullish signals&period
Most notably&comma an ascending triangle pattern has formed — characterized by horizontal resistance combined with rising lows — typically signaling continuation upward movements&period
Given these technical signs&comma we can expect near-term rebounds possibly targeting first breakout beyond triangle topside followed closely by psychological milestone levels around &euro100&comma00O&period