Bitcoin News: Potential 14% Surge and New All-Time High on the Horizon

Bitcoin’s price has recently climbed to the $99,000 level, reigniting Optimism among investors about its potential to surpass higher resistance levels. With the current upward momentum and increasing market sentiment, Bitcoin appears poised to challenge its all-time high and potentially set new records. Crypto expert Javon Marks has highlighted the possibility of a significant short-term surge, suggesting that BTC’s price action indicates a 14% increase could be imminent. This development has sparked renewed interest in Bitcoin’s trajectory, as traders and analysts closely monitor its performance for signs of a breakout.

Bitcoin’s Price Action Signals A 14% Increase, A New All-Time High Looming?

Bitcoin’s price has climbed to the $99,000 level once again, sparking renewed hope about its potential to revisit higher resistance levels shortly. Given the recent upside strength and growing sentiment in the market, BTC might be heading toward the current all-time high and beyond. Crypto expert and investor Javon Marks has predicted a possible surge for Bitcoin in the short term. Looking at BTC’s current price action, Javon Marks foresees an impending 14% increase as bullish momentum grows in the market. With BTC performing similarly to past trends that triggered notable spikes, the analyst believes the asset is still in its bull phase. This prediction indicates rising optimism, with Javon Marks citing a new peak following this move.

Current Bitcoin Bull Cycle Could End by 2025, Says CryptoQuant Analyst

A CryptoQuant analyst predicts that the ongoing Bitcoin bull cycle, which began in January 2023 following the FTX crash, may conclude sooner than expected, potentially peaking in the first or second quarter of 2025. The analyst highlights the significant recovery of Bitcoin from below $20,000 and its growing appeal in the financial sector, partly due to the introduction of Bitcoin ETFs. The report also discusses the expected market movements leading up to the cycle's peak.

Bitcoin Bounces Back Above $100K – Is the Bull Run Resuming or a Correction Ahead?

After weeks of trading below the critical $100,000 mark, Bitcoin has started 2025 with renewed bullish momentum. The cryptocurrency, which had been struggling since last month, has shown signs of recovery, climbing back above the psychological $100,000 threshold earlier today for the first time in recent weeks. Bitcoin entered the year trading between $93,000 to $95,000 but has now regained momentum as its current trading price sits at $102,368. Over the past 24 hours, Bitcoin has surged by a 4.5% increase, bringing it closer to its all-time high of $108,000 achieved in late 2024. This upward movement has reignited optimism among both retail and institutional investors, with many closely watching key market indicators to understand whether Bitcoin can sustain this momentum or if another correction might be on the horizon.

KULR Technology Invests $21 Million in Bitcoin, Total Holdings Now 430 BTC

KULR Technology Group has significantly increased its Bitcoin holdings by investing an additional $21 million on January 6, 2025. This investment added 213.4 BTC to their portfolio, bringing their total holdings to 430.6 BTC, valued at approximately $42 million. The purchase was made through Coinbase Prime and is part of KULR's strategic plan to allocate up to 90% of its cash reserves into Bitcoin. This move underscores the company's commitment to integrating Bitcoin into its corporate treasury as a major component of its financial strategy.

MicroStrategy Makes Its First Bitcoin Purchase of 2025

MicroStrategy has made its first Bitcoin purchase of 2025, acquiring 1,070 BTC for approximately $101 million at an average price of $94,004 per Bitcoin. This purchase marks a continuation of the company's strategy to accumulate Bitcoin, despite a noticeable decline in the volume of purchases over the past month. Michael Saylor, the company's CEO, has been vocal about his commitment to Bitcoin, positioning MicroStrategy as one of the largest corporate holders of BTC. As of January 5, 2025, MicroStrategy holds 447,470 BTC, acquired for a total of approximately $27.97 billion at an average price of $62,503 per Bitcoin. The company has reported significant yields from its Bitcoin holdings, with a 48.0% yield in Q4 2024 and a 74.3% yield for the fiscal year 2024. Despite the recent slowdown in purchase volumes, Saylor's public statements remain optimistic about the company's Bitcoin strategy.