Bitcoin (BTC) price remains strong above $104,000 despite recent market fluctuations caused by DeepSeek's release and the Federal Reserve's interest rate decision. Experts remain optimistic about Bitcoin's future, with some predicting a retest of its all-time high. Meanwhile, the Czech National Bank is considering investing up to 5% of its reserves in Bitcoin, potentially making it the first central bank to hold Bitcoin reserves.
Bitcoin (BTC) has demonstrated resilience, holding steady above $104,000 on Friday following Federal Reserve Chair Jerome Powell's remarks and recent market volatility. This positive sentiment among crypto traders stems from Bitcoin 's recovery from the shock caused by DeepSeek's release and the Federal Reserve 's interest rate decision earlier in the week.
Powell's comments on interest rates proved to be less impactful than anticipated, paving the way for Bitcoin to potentially retest its all-time high of $109,588.In an exclusive interview with FXStreet, Sergei Gorev, Head of Risk at YouHodler, shared his optimistic outlook on Bitcoin's price trajectory in February 2025. He noted that the cryptocurrency market is starting the year on a positive note, historically indicating future market trends. Bitcoin's price has already surged by approximately 12% since the beginning of 2025, fueling confidence for continued growth. From a technical analysis standpoint, Gorev observed that Bitcoin is forming a sideways correction pattern resembling a flag, which is often indicative of a continuation pattern with a high likelihood of reaching new highs soon. Adding to the bullish sentiment surrounding Bitcoin is the Czech National Bank's recent decision to explore investment opportunities in alternative asset classes, including Bitcoin. According to a K33 research report, the bank's governor, Aleš Michl, has proposed allocating up to 5% of its $146 billion reserves to Bitcoin. If approved, this could potentially lead to a $7.3 billion investment in Bitcoin, making the Czech National Bank the first in the world to hold Bitcoin reserves. This move highlights the growing acceptance of Bitcoin within institutional circles and underscores its potential as a viable investment asset.
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