Bitcoin Skyrockets Over $3,000 in Hours Defying Bearish Predictions

Bitcoin, the largest cryptocurrency by market cap, rebounded sharply, gaining over $3,000 within hours and challenging bearish predictions. The sudden recovery has renewed optimism, with industry leaders forecasting substantial growth for 2025 despite ongoing market volatility.

Bitcoin Surges $3,000, Ending Bear Market Speculations
The leading cryptocurrency by market size, Bitcoin, has abruptly put an end to predictions of a bear market by surging more than $3,000 in a matter of hours, eliminating any speculation about the market.

The flagship cryptocurrency fell to a low of $91,315 on the Bitstamp platform earlier today. It hit a new low not seen since November 26.

Bearish Concerns Fade as Bitcoin Recovers Losses
As the price of Bitcoin fell, many began to wonder if the bull market in cryptocurrencies was coming to an end.

Nevertheless, it seems that these worries were unfounded, as the cryptocurrency has already recovered some of its losses and turned positive on the daily chart.

Short Positions Liquidated Amid Sudden Bitcoin Rebound
In the last day, approximately $40 million worth of short positions were liquidated, according to statistics given by CoinGlass. But in the last day, the bulls have taken a significant beating.

Even if it hit a new high earlier this month, Bitcoin is still 12.9% below its all-time high. The abrupt upturn, however, has given the bruised crypto market reason to be optimistic.

Experts Predict Bitcoin’s Strong Performance in 2025
One anonymous bitcoin trader with over 200,000 followers goes by the name "Byzantine General," and he thinks the market cap leader could have a breakout quarter in 2025.

Despite some worries about the waning surge, the general opinion in the business is that the top cryptocurrency will continue to outperform in 2025.

During the first half of the year, Mike Novogratz’s Galaxy has forecasted that Bitcoin may reach $150,000, according to U.Today.

The cryptocurrency might reach $250,000 in 2025, according to Fundstrat's Tom Lee.