The following is the relevant situation of BTC trend:

Short-term trend

On January 8, 2025, the price of Bitcoin quickly fell, dropping below the $96,000 mark at one point. As of 17:00 on January 8, the price of Bitcoin was $95,901.8, with a 24-hour decline of 5.88%. In the last 24 hours, over 230,000 people worldwide have been liquidated, with a total amount of $712 million.

Medium-term trend

In 2024, Bitcoin will continue to surge. On December 5th, the price of a single Bitcoin soared to $100,000 for the first time, reaching a peak of $103,800. On December 16th, Bitcoin quickly rose again, surpassing $106,000 per coin, setting a new record. However, since late December, the price of Bitcoin has started to experience a dive and other adjustments.

Long-term trend

In the long run, the price of BTC is volatile. Since the beginning of 2024, it has risen by 135.7%. Some institutions and individuals are optimistic about its long-term trend, with the well-known Wall Street investment firm Bernstein predicting that BTC will once again see a three-digit percentage increase in 2025, reaching the historical milestone of $200,000. However, top Wall Street technical strategist Katie Stockton believes that BTC may experience several weeks of selling pressure and eventually find support around $84,500, with the next support level possibly around $73,800 if the decline continues.