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So far, 2025 has not been particularly kind to Bitcoin. Although the cryptocurrency hit an all-time high of $109,000 on January 20, its price has been declining since Donald Trump’s inauguration. However, according to renowned analyst Nik Bhatia, the current Bitcoin chart suggests a possible recovery.
Is Bitcoin’s Bottom in Sight?
The sentiment around Bitcoin is gloomy, and the price action reflects that. Yesterday, BTC dropped to $90,000, but the market is now showing signs of recovery. Historically, trend reversals often occur when sentiment is at its lowest.
Bhatia appears to be searching for a bottom in his latest chart—and he may have already found it.
In his analysis, Bitcoin has been finding support at $93,000 for some time, while the Relative Strength Index (RSI) continues to decline. The RSI is currently at 40, a level that often signals negative sentiment but can also indicate a potential bottom formation.
At the same time, Bitcoin seems to be stabilizing at $93,000, and Bhatia is spotting a slight upward movement. The key question now is whether Bitcoin can establish a solid base in this range and initiate a new rally from here.
Disappointing Performance for Bitcoin
While Bitcoin struggles, global stock markets are performing significantly better.
In the U.S., the S&P 500 hit a new all-time high yesterday, while the Hang Seng Index in Hong Kong, which tracks the largest Chinese companies, has already delivered a 16.76% return in 2025.
This mirrors the summer of 2024, when Bitcoin traded sideways after reaching its previous all-time high of $73,800 in March.
During that period, market sentiment toward Bitcoin weakened significantly—particularly as gold and equities outperformed, delivering the returns that many Bitcoin investors had hoped for.
However, later that year, Bitcoin staged an impressive comeback.
Will Bitcoin Make a Strong Comeback in 2025?
The big question remains: Will we see a similar recovery in 2025?
What do you think—is Bitcoin gearing up for another bullish phase?
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