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Despite this support, the investment firm has made a bearish prediction for BTC into the first quarter of 2025. Matthew Sigel, head of digital asset research at VanEck Una ola de quiebras en el sector de las criptomonedas podría dejar a bitcoin bajo presión en el primer trimestre de 2025, según Matthew Sigel de VanEck. Sin embargo The crypto carnage instilled by the bears has caused immense damage to the entire ecosystem Bitcoin BTC was dragged from a high of nearly 50K at the beginning of VanEck expects the BTC price to fall in the range of $10K-$12K in the first quarter of 2025. The investment giant also expects a few minor bankruptcies to take place in Bitcoin could drop to the $10k to $12k range by Q1 2025 due to miner bankruptcies, then rise to $30k in the year’s second half. Bitcoin could have a rough first “Looking ahead, Bitcoin could test $10,000-$12,000 as Bitcoin miner bankruptcies increase due to the drop in Bitcoin value and increasing electricity costs,” VanEck predicts. The investment In its 2025 outlook, VanEck’s head of digital assets research, Matthew Sigel, warned that several miners are likely to go bankrupt in the coming months, which could Bitcoin could continue its downwards spiral testing $10,000 by the first quarter of 2025. (Unsplash) The outlook for risk assets appears bright after Tuesday's U.S.

Bitcoin to Consolidate Between $10k-$12k... in 2025? VanEck\'s Contrarian View

Is Bitcoin destined to consolidate in a $10,000-$12,000 range? While the outlook for risk assets appears bright after Tuesday\'s U.S. data, leading investment firm VanEck projects a potential plunge to those levels, but not in 2023. According to VanEck\'s analysis, this price range is more likely to be tested in the first quarter of 2025.

VanEck\'s Bearish Bitcoin Prediction for Q1 2025

VanEck expects the BTC price to fall in the range of $10K-$12K in the first quarter of 2025. Matthew Sigel, head of digital asset research at VanEck, highlights a specific catalyst for this potential dip: Bitcoin miner bankruptcies. "Looking ahead, Bitcoin could test $10,000-$12,000 as Bitcoin miner bankruptcies increase due to the drop in Bitcoin value and increasing electricity costs," VanEck predicts. This "crypto carnage," as some describe it, could lead to a further downwards spiral for Bitcoin.

Miner Bankruptcies: A Key Factor

The investment giant also expects a few minor bankruptcies to take place in the Bitcoin mining sector, contributing to the downward pressure. VanEck’s head of digital assets research, Matthew Sigel, warned that several miners are likely to go bankrupt in the coming months, which could further depress the price. Una ola de quiebras en el sector de las criptomonedas podría dejar a bitcoin bajo presión en el primer trimestre de 2025, según Matthew Sigel de VanEck.

A Rebound in the Second Half of 2025?

Interestingly, VanEck also anticipates a potential rebound in the second half of 2025, potentially reaching $30,000. Despite this bearish prediction for BTC into the first quarter of 2025, VanEck\'s overall long-term outlook might not be entirely negative. However, the short-term volatility should not be ignored.
What This Means for Bitcoin Investors
While many are looking for Bitcoin to consolidate between $10,000 and $12,000 in the near future, VanEck\'s analysis suggests that this could happen in early 2025. The crypto carnage instilled by the bears has caused immense damage to the entire ecosystem, and Bitcoin BTC was dragged from a high of nearly 50K at the beginning of [year omitted in source, implied as 2022] because of these factors. Investors should carefully consider their risk tolerance and diversify their portfolios accordingly. This analysis from VanEck serves as a reminder of the potential volatility and risks associated with cryptocurrency investments.

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