Bitcoin US Dollar traded at $94,255 on Monday, February 24th, decreasing by $2,012 or 2.09% since the previous trading session. The recent decline adds to the cryptocurrency's ongoing volatility, as Bitcoin has lost 10.15% over the past four weeks, signaling some short-term weakness.
Bitcoin down to $94,000 on Monday
Despite these recent losses, the long-term outlook remains more positive, with Bitcoin’s price having surged by 82.07% over the past 12 months, highlighting the asset's resilience and continued investor interest. This upward momentum over the year suggests that Bitcoin is still seen as a strong store of value by many, especially in a time of heightened economic uncertainty.
What to monitor
Looking ahead, analysts are forecasting Bitcoin's price to rebound and reach $97,095 by the end of this quarter, supported by ongoing interest from institutional investors and an expanding user base globally. However, the cryptocurrency remains highly sensitive to market sentiment, regulatory developments, and macroeconomic trends, making short-term projections more challenging. Over the next 12 months, analysts expect Bitcoin to stabilize somewhat, with a projected price of $84,644, reflecting both the inherent volatility of the crypto market and the growing maturation of Bitcoin as an asset class.
While factors such as rising interest rates and potential regulatory hurdles could pose headwinds, Bitcoin’s long-term prospects remain bolstered by increasing adoption and technological advancements in blockchain and crypto infrastructure. As the market continues to evolve, traders and investors will be closely monitoring these developments to assess whether Bitcoin can maintain its momentum or face further corrections in the near future.
