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Burniske suggests that BTC and ETH having ETFs and possibly being added in the near future would provide a more stable buying pressure for these assets. While believing in the stable growth of cryptocurrencies with large market capitalization, he states that there will be less exposure to significant corrections as seen in the past for crypto assets.
Burniske says that Bitcoin's technical support level, the 200-week simple moving average, could indicate a potential 60% decline and that this ratio will remain below the previous 80% as Bitcoin rises, indicating that this support level will also rise.
Burniske said that 2025 will be a "great year" for crypto investors.
Stable growth and less severe corrections are expected in the crypto markets. Supportive policies and ETFs may contribute to the healthy development of crypto assets. It appears likely that a more predictable market environment will emerge for investors during this period.
Bitcoin hits all-time high of $109k after dropping to $99.3k due to the launch of MELANIA coin and Donald Trump’s victory speech. A new buying wave pushed Bitcoin up from its previous dip in just 1 hour. Trump's rumored strategic Bitcoin reserve decision could contribute to more volatility.