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Publication date: January 16, 2025
Bitcoin has been the subject of our articles before. For example, we wrote about this popular and interesting cryptocurrency in late October and late November. To get an immediate update on the background you can read these articles directly by clicking on the links below:
Link article Bitcoin October 2024
Link article Bitcoin November 2024
Bitcoin has indeed reached its first price target of €100,000 at breakneck speed. It then shot through to $109,000 and then began to correct as indicated. We are now a little further back in time and there is cause for an update on expectations.
In addition to the largest cryptocurrency Bitcoin, today we also focus on the number two: Ethereum. We wrote an informative article about Ethereum back in April 2024. You can read this article directly by clicking on the link below:
The Future of Ethereum: What You Need to Know
After reading the articles in the links above, you will be fully informed about the background and history and we can quickly move on to the expectations.
What is the expectation of Bitcoin in 2025
For several months, many leading financial markets have entered a corrective phase. After the rise in the stock markets and cryptocurrencies due to Donald Trump's election victory, the markets are waiting and we are in a phase that may result in a further corrective decline that will soon be followed by the continuation of the uptrend.
This certainly applies to Bitcoin as well. Below is the price chart over the past year with the most likely scenario and key moments plotted.
You can see the important "halving" moment in 2024 and the sharp rise after Trump's victory. Currently, Bitcoin is in a sideways phase as we saw after the halving in the spring of 2024. Bitcoin is moving sideways within the wide range between
$89,000 and $109,000, making a technically nice setup for a continuation of the uptrend.
The price formation of Bitcoin gives good moments to consider extending the buy position. This is upon reaching the $85,000 mark. Note that there is still a small possibility that the price corrects a little further to the $75,000 mark. That moment is also worth a consideration to buy in. Finally, a breakout above $110,000 is a reason to consider expanding the position. The price target for 2025 was previously $150,000 but has been lowered by our algorithmic system to $140,000.
What is the forecast for Ethereum in 2025
Ethereum is really at a crossroads right now and is in a tougher package than Bitcoin. As a result, the position and view for the short term is neutral. For the long term, the outlook is positive with a price target of $5,600. Currently, Ethereum is quoted around $3,300.
Below is the price chart of Ethereum over the past 18 months. You can see the high volatility between the levels $2,000 and $4,000 and the two logical scenarios plotted.
Ethereum is currently correcting from the sharp rise following Donald Trump's election victory. As reported, this happens logically with many markets but Ethereum's price pattern shows less strength and conviction than Bitcoin. Therefore, the most likely scenario is a further decline that could well go back to the $2,100 mark. Here you can consider taking a buy position for the long-term price target of $5,600.
The alternative scenario of our algorithmic system is a breakout at $4,300 with a short-term price target of $5,600. So let's wait and see.
Bitcoin versus Ethereum
Below is the chart as of early 2024 showing the price of Bitcoin relative to the price of Ethereum. Ethereum is the purple line.
You can see that in the first six months of 2024, both are tracking nicely in percentage terms. The price drop in early August is a lot deeper for Ethereum, and the price falls back to early 2024 levels. Bitcoin falls much less. After Trump's victory, both rise relatively equally.
In the past month, the markets are correcting and once again we see Ethereum falling much harder than Bitcoin. Ethereum fell over 30% from the top and Bitcoin 18%.
Conclusion
Bitcoin looks strong, stable, and positive. The buy position is valid and you can consider extending the position in a further correction at levels $85,000 and $75,000 and the breakout above $110,000. The price target for 2025 is $140,000.
Ethereum is weaker and more prone to sharp price declines. The current level does not warrant a position. However, it is clear that towards the $2,100 level, you can consider taking a position. The same logic applies to the breakout above $4,300. For the moment, our preference is for Bitcoin and we will leave Ethereum on the sidelines for now.
Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' insights and experiences. Therefore, they are for educational purposes only.
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