Bitcoin Price Prediction As Strategy CFO Says BTC Will Eventually Soar To $21M
The Bitcoin price has edged up a fraction of a percentage in the past 24 hours to trade at $88,330.23 as of 4:52 a.m. EST as investors slowly buy the crypto.
With the recent gain, the BTC price is now up more than 1% over the past week and past month as well.
As 2025 nears its end, the crypto king is, however, at risk of ending December at a loss.
BTC’s historical monthly returns (Source: CoinGlass)
CoinGlass data shows that BTC is more than 2% down for the month. If buyers don’t step in and erase this deficit, the Bitcoin price will record its second consecutive negative December performance.
Strategy CFO Says That Bitcoin Will Eventually Soar To $21 Million
While the market waits to see if BTC can overcome its December loss before the year ends, Strategy’s CFO Andrew Kang has predicted that Bitcoin’s price will eventually reach $21 million per coin.
“We know it’s [Bitcoin] going to go from where it is today back to 125k, up to 200k, up to a million, and up to 21,000,000 one day. That all still is going to happen,” Kang said Tuesday on a podcast. However, he added that this increase will “happen over a period of time.”
He went on to say that outlook is the reason Strategy continues to accumulate BTC even while other Bitcoin Treasury firms pause their buys.
The company’s latest purchase of 1,229 BTC for around $108.8 million was announced by Strategy executive chairman Michael Saylor on Dec. 29.
Strategy is currently the largest corporate Bitcoin holder globally. The recently-announced purchase pushed the company’s holdings to 672,497 BTC.
BTC Stuck In Consolidation Channel
Bitcoin has traded flat over the past couple of weeks, and has oscillated between $83,555 and $94,990 during this period.
Daily chart for WBTC/USD (Source: GeckoTerminal)
Technical indicators such as short-term Exponential Moving Averages (EMAs), the Moving Average Convergence Divergence (MACD), and the Relative Strength Index (RSI) suggest the sideways trading will continue over the next 24-48 hours.
Additionally, the 9 and 20 EMAs are currently acting as dynamic resistance levels for the Bitcoin price.
A rally could happen if BTC is able to break above, and sustain a position above, those EMAs. In this scenario, the price of the largest crypto by market cap could try to challenge, and possibly breach, the $94,990 resistance level.
However, a rejection from those technical indicators might result in a drop to the $83,555 support level.
The MACD suggests that bulls have a slight upper hand in terms of momentum, with the MACD line positioned above the MACD Signal line.
Meanwhile, sellers are slightly stronger than buyers, as suggested by the current RSI reading below the neutral 50 mark. The RSI has risen in the past couple of days, which could lead to a bullish shift in strength if the increase continues.
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