The current market situation indicates that the price of Bitcoin is threatened by a bearish trend, with a decline to $90,000 by the New Year. After December 17, when the price of BTC reached an all-time high of $108,446 on the Bitstamp exchange, the coin sharply depreciated by 15%. Then the asset's value was corrected, bouncing off a low around $92,000, however, the bulls failed to maintain the initiative in their hands. In the range from $97,500 to $99,800, a key resistance zone was formed, because holders of about 924,000 cryptocurrency wallets bought 1.2 million Bitcoins worth $117 billion at this price. Obviously, the low trading volume will not allow buyers to break through this strong barrier, and the BTC price will continue to decline. Currently, the cryptocurrency price fluctuates below the ascending trend line that emerged in November. This barrier was broken on December 20, and on Saturday the bulls could not secure above it. Accordingly, the bearish trend should continue until the coin depreciates at least to $90,000.

Analysts from VanEck forecast a bullish market in the first quarter of 2025, during which Bitcoin and Ethereum will reach new peaks. However, by mid-year, they expect consolidation. Experts anticipate that Bitcoin will reach a mark of $180,000, while Ethereum will rise to $6,000. Other leading cryptocurrencies will also significantly increase in price, for example, the price of Solana and Sui will rise to $500 and $10, respectively. In the analysts' report, they write about the fact that U.S. policy will undergo a 'cardinal shift' regarding cryptocurrencies. States such as Texas and Florida may independently create Bitcoin reserves. Federal authorities will use the flagship cryptocurrency to replenish the strategic fund. Changes in American legislation will attract developers from all over the world, increasing the U.S. share of the global cryptocurrency market from 19% to 25%. The share of the United States in the global hash rate of Bitcoin mining will grow to 35%, including thanks to cheap energy. Analysts at VanEck believe that the DeFi sector is ready for record growth: next year, trading volumes on decentralized platforms will reach $4 trillion, and their total locked value will exceed $200 billion. Overall, experts believe that 2025 will be 'the year of transformations, when progress in regulation, technological innovations, and institutional adoption will unite to shape the future of digital assets'.#BTC☀️ #ETH🔥🔥🔥🔥 #SOL