Bitcoin reached a new high of $109,114.88 on the 20th of January 2025 but failed to beat the resistance at $110k. While price correction has taken Bitcoin to a $104k price zone, experts say Bitcoin will rally again. The top crypto asset is up by about 10% in the past month, rallying from $95k to its present value.
While there is only a few days left till the month’s end, analysts are not ruling out a $110k price for Bitcoin. The milestone will be another new high and an early sign of a predicted bull run. Bitcoin maintains its two trillion market cap, but the trading volume is down by 55% in the last 24 hours. Investors worry that even if Bitcoin hits $110, it may fail to defend the price. Hence, Bitcoin investors are hedging against volatility with the promising 1Fuel.
