2025 is shaping up to be another exciting and bullish year for the crypto markets, as Bitcoin has once again pushed above $102,000. This achievement follows a highly positive first week of the year, during which BTC made a gain of more than 5%. Bitcoin’s total market cap is now hovering just below the $2 trillion mark, while the asset itself is pulling in 24-hour trading volumes of approximately $49.5 billion.
As investors and traders lock in and prepare their 2025 strategies, crypto self-custody wallets have become a hot topic. Best Wallet, one of the top-rated wallets on the market, has now raised $6.5 million through the ICO for its new ecosystem token $BEST, which could be a smart play ahead of the next bull run.Bitcoin bears, who quickly declared the bull market over during BTC’s dip in December, have suddenly gone quiet as the leading cryptocurrency pumped beyond $102,000 yesterday. As the chart analysis below demonstrates, a bullish double bottom was already all but confirmed on New Year’s Day: At the time of writing, that double bottom has mostly played out as expected. Although a more textbook pattern would have seen a faster push towards $108,000, that level also happens to be Bitcoin’s all-time high. Therefore, some extra resistance below $108,000 is a natural occurrence here. Some BTC holders will be looking to take some late profits, while whales try to suppress the price (and accumulate more Bitcoin while it’s below its all-time high). There will also be some bears left, making their last stand while shorting BTC to the best of their ability. While all of this activity is occurring, and leading to some sideways chop for BTC, trading volumes have mostly remained at average levels. This indicates an overall lack of conviction and decisiveness – even though the bulls have indeed won out so far in 2025.Another bullish factor is the presence of an ascending triangle pattern, firmly established during the creation of the double bottom