Amid the uncertainty surrounding the digital asset market, Brazilian investment firm Multiplo Invest highlights that, despite the recent declines in the price of Bitcoin, the outlook looks promising.
Recently, bitcoin (BTC) experienced its biggest price drop since the presidential election in which Donald Trump emerged as the winner.
The flagship digital currency was about to reach the historic barrier of $100,000, but a sharp decline took it to $91,000, generating skepticism in the markets, points out the company.
That fall was not accidental. It has formed a huge «sales wall» just under $100,000which means that numerous investors have placed sell orders in that price zone.
“Many traders are skeptical because bitcoin has not yet managed to break the psychological barrier of $100,000,” he says. Unless demand for bitcoin significantly exceeds supply, it will be difficult to overcome that limit and resume the upward trend.
BTC price. Source: TradingView.
However, Multiplo Invest believes the recent correction presents a unique opportunity. “This is a great entry point for bitcoin,” he says confidently.
Regulations and political support: a tailwind
Among the factors supporting this positive outlook is the increasingly favorable regulatory environment for cryptocurrencies in the United States.
According to analysts at the Brazilian company, the political outlook for next year, with a Congress that includes more than 300 pro-Cryptocurrency legislators, is encouraging. Trump has expressed ambitions to turn the country into the digital asset capital of the world.
During his campaign, Donald Trump has promoted favorable regulations for bitcoin, in addition to suggesting the creation of a strategic reserve based on bitcoin.
The cryptocurrency industry also played an important role in the electionbeing responsible for almost half of corporate contributions. This financial support has tipped the balance towards friendlier policies for the adoption of these assets.
Spot ETFs: The Institutional Catalyst
Another key factor driving Multiplo Invest’s optimism is the bitcoin spot ETFs, which they already manage more than 104,000 million of dollars in assets.
These financial instruments, launched in January, have captured the attention of institutional investors. Of the 575 ETFs launched this year, 14 of the top 30 are related to bitcoin or ether (ETH), Ethereum‘s cryptocurrency, and the top four positions in terms of popularity correspond to ETFs of bitcoin, as seen in the following image.
Of the 575 ETFs launched this year, 14 of the top 30 are BTC-related funds. Source: Seeking Alpha.
“The arrival of ETFs has increased institutional interest, although the long positions of these large players are still small,” the company explains.
Multiplo Invest points out that there are surveys recent which reveal that 80% of asset managers plan to increase their exposure to cryptocurrencies in the next year, while only 35% of the institutions surveyed currently allocate between 1% and 5% of their assets to this type of investment.
“If institutional investors start buying en masse, the $100,000 target could fall short,” says Multiplo Invest.
How far can bitcoin go?
According to Multiplo Invest analysis, bitcoin could reach between $110,000 and $115,000 by the end of the first quarter of 2025despite the usual slowdown in prices that occurs at the beginning of the year.
Furthermore, other analysts agree that this bullish cycle could take the cryptocurrency to unprecedented heights.
The Argentine specialist Iván Paz Chain projects that bitcoin could reach $140,000 in this cycle, while firms like CryptoQuant calculate a maximum price of $146,000 based on on-chain models.
Pablo Gil, a Spanish trader, estimates that the limit could be around $142,000as reported by CriptoNoticias.
Patience and accumulation: keys to success
Despite the fluctuations, many investors see this moment as an opportunity to accumulate more BTCtrusting in its inherent scarcity and long-term potential.
As the market awaits the breakout of $100,000, the signs seem clear: bitcoin is destined to reach new heights, and for those taking the long view, this could be the perfect entry point.
Clarification: This article is written for informational purposes. It does not constitute a financial recommendation or investment advice.
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