Journalist
Posted:
- Bitcoin struggled at $60,000, but indicators suggested a potential bull run.
- Suze Orman highlighted Bitcoin’s future potential despite current price challenges.
Bitcoin [BTC] faces challenges in breaking the $60,000 barrier despite gaining 1.21% in the past 24 hours, with a price of $55,224 at the time of writing, according to CoinMarketCap.
Suze Orman believes in the potential of BTC
Despite these issues, renowned financial advisor and host of the “Women & Money” podcast Suze Orman recently emphasized the importance of owning Bitcoin.
In an interview with CNBC Make itOrman highlighted how the next generation of investors could play a crucial role in shaping the future of cryptocurrency.
She said:
“Everyone should absolutely have exposure to bitcoin. But in case I’m wrong – and I have been wrong – you have to be okay with losing that money. So put as much money in as you want to lose.”
It’s surprising since she’s one of the crypto skeptics.
Age-based Bitcoin ownership
While many crypto enthusiasts cite various reasons for holding Bitcoin, such as the fact that it is a store of value or a long-term hedge against inflation, Orma has a different opinion.
She says,
“As younger people earn more money and mature, [bitcoin] will be one of their favorite investments, and that will cause it to rise.”
She added:
“I don’t think it will ever become a currency or a store of value. But because the younger generation is fascinated by it – and you see the energy – and a lot of people are interested in it, it could very well end up catching fire.”
This sentiment was further supported by a recent study from Triple.Awhich revealed that more than 560 million people worldwide own cryptocurrencies.
Source: TripleA
The survey found that 34% of cryptocurrency owners were between the ages of 25 and 34. Furthermore, 65% of the world’s population has expressed a desire to use cryptocurrency for payments.
Source: Triple.A
Is Bitcoin’s Bullish Momentum Possible?
That said, several indicators suggest that Bitcoin is preparing for a bull run despite the current price decline.
A key indicator is the widening Bollinger Bands, which indicate increased volatility that could drive the price higher.
While Bitcoin was near the lower band at the time of writing, indicating a bearish trend, a similar pattern was observed a month ago before BTC rose to $65,000, indicating a possible recurrence.
Source: TradingView
The crypto community thinks so
Additional, Vivekfounder of Bitgrow Lab, has drawn parallels between Bitcoin’s price patterns from 2014-2017 and the current trend from 2022-2025.
Source: Vivek/X
He believed that these historical patterns indicate that Bitcoin is poised for an upcoming bull run.
Furthermore, AMBCrypto’s analysis of IntoTheBlock market sentiment data showed that bulls have dominated with 13 bullish signals compared to 12 bearish signals, indicating an overall bullish trend.
Therefore, if Bitcoin can break the resistance level at $59,993, this could mark the start of a bull run.
Source: IntoTheBlock
In the words of “The Bitcoin Energy Standard,”
“In the financial matrix, #Bitcoin is the only real choice.”
