Bitcoin (BTC) Price Prediction: Can Bitcoin Break Key Resistance Before Targeting the $250K Mark in 2025?

While short-term technical indicators point to consolidation and potential weakness, long-term projections—buoyed by institutional interest and macroeconomic factors—still suggest a possible move toward the $250,000 mark in 2025.

Bitcoin news today highlights price volatility after BTC slipped to an intraday low of $112,000 earlier this week, only to recover modestly toward the $114,000 range. Despite this bounce, the cryptocurrency continues to trade below key hourly and daily moving averages.

Bitcoin price shows volatility, struggling to break key resistance while short-term pressure remains bearish with support levels nearby. Source: EdwinaCook on TradingView

According to TradingView data, Bitcoin’s lower-high, lower-low structure persists, keeping short-term pressure tilted to the downside. A descending trendline and the 100-hour simple moving average are acting as major resistance near the $114,400–$115,500 zone. Failing to break above this could open the door to deeper losses, with $112,500 and $110,500 identified as immediate support levels.

The 50% Fibonacci retracement level from the recent drop reinforces this resistance, and futures premiums falling below 7% signal waning speculative appetite.

The current period also coincides with historically soft months—August and September—for digital assets. Despite this, the broader bullish trend remains intact. On-chain metrics show no signs of overheating, and long-term holders remain firmly in profit.

Bitcoin struggles below major resistance as limited support threatens a sharper downside move. Source: Ali via X

Adding to the short-term headwinds are whale activity signals. Whale deposits to exchanges have increased recently, often a bearish indicator reflecting potential sell pressure. Retail demand also appears subdued, contributing to price stagnation below the $115,000 mark.

However, structural upgrades such as the Bitcoin Taproot upgrade and adoption of the Bitcoin Lightning Network continue to enhance Bitcoin’s long-term utility. Combined with the upcoming Bitcoin halving in 2025, analysts see these developments as catalysts for future gains.

Despite facing near-term resistance, some analysts remain optimistic about Bitcoin’s long-term prospects. Fundstrat co-founder Tom Lee reaffirmed his ambitious forecast, suggesting that Bitcoin could reach $250,000 in 2025. Speaking on the Coin Stories podcast, Lee said, “I think Bitcoin should really build upon this $120K level before the end of the year. $200,000—maybe even $250,000—is still on the table.”

Tom Lee shares bold Bitcoin predictions, discusses Fed policy, national debt, and why BTC could hit a new all-time high this fall. Source: Romeo on X

Lee attributed his optimism to rising institutional demand and the fading relevance of traditional four-year cycles due to greater market maturity. He also suggested that current market skepticism is a healthy sign, saying, “If everyone were bullish, the price would have already priced that in. Skepticism creates room for positive surprises.”

However, not all experts agree. Markus Thielen from 10x Research sees a more tempered target of $160,000, while Standard Chartered and Bernstein have aligned their year-end forecasts around $200,000. Others argue the Bitcoin halving cycle may peak in late 2025 or early 2026, aligning with traditional post-halving bull trends.

Technically, the breakout in Bitcoin price hinges on if the bulls can break the $115,500 resistance level. Breaking this level could lead to a test of $118,000 and even the psychologically relevant $120,000 level. The close above $120,000 would be an indication of new momentum toward fresh highs.

Bitcoin’s next breakout depends on reclaiming key resistance, with $120K as the bullish trigger—or risk a retreat to crucial support near $112K. Source: EdwinaCook on TradingView

Meanwhile, the Bitcoin RSI on shorter timeframes still remains below 50, and this implies that short-term traders are still in the bears’ camp. Should price fail to break resistance, a fall below $112,000 would find a retest of the broader support zone around $108,500, a level which is widely regarded as a crucial floor.

With Bitcoin priced at barely below a significant technical level, all eyes are waiting to see if BTC can reclaim $115,500 and continue momentum into Q4. While short-term indicators show consolidation, the broader trend of institutional buying and halving-cycle trend factors suggests a long-term bullish outlook.

Bitcoin (BTC) was trading at around $114,245, up 0.97% in the last 24 hours at press time. Source: Bitcoin Liquid Index (BLX) via Brave New Coin

As of press time, Bitcoin (BTC) is approximately $114,000, a bit down on the day, but close enough to a possible breakout.

Whether Bitcoin is able to break significant resistance in the coming weeks will determine whether the path to $250,000 in 2025 remains an option—or postponed.