Galaxy Digital don down Bitcoin Price Forecast to 120K
Galaxy Digital research team wey Alex Thorn lead don reduce their 2025 Bitcoin price forecast from $185,000 go $120,000. Dem reduce am because sharp correction happen wey make price drop below $100,000 as ETF outflows, heavy whale selling, plus over $1.3 billion leveraged liquidations and big October 10 leverage unwind wey drain market liquidity. About 470,000 BTC shift from long-term wallets go institutions, which tighten supply and create resistance at important price levels.
Other wahala include money dey waka go AI stocks and gold – both don perform betta than Bitcoin so far dis year – plus stablecoin growth, Bitcoin treasury firms dey underperform and retail interest dey reduce. Traders dey advised to watch liquidity events, policy updates, and institutional flows. Analysts warn say holding $100,000 support level dey very important to keep di multi-year bull run, but dem also talk say Bitcoin maturity, network security and growing institutional adoption dey support long-term bullish outlook despite slow rally pace.
Bearish
Galaxy Digital reduce Bitcoin 2025 price forecast to $120,000 show plenty bearish matter wey fit weigh down BTC short-term price movement. Big ETF outflows, heavy whale selling and over $1.3 billion leveraged liquidation don drain liquidity, plus 470,000 BTC move go institutional wallet wey create supply resistance. Capital rotate enter AI stocks, gold, stablecoin growth and retail interest dey weak — all these dey divert funds from Bitcoin. Even if long-term network security and institutional adoption dey support bullish view, the lowered forecast plus market headwind show say bearish bias dey near term, suggest say traders make dem ready for risk of wahala round the $100,000 support level.