Bitcoin’s November rally became one of the key newsworthy moments of the month: the price recovered from a deep correction, and institutional players increased their focus on the network’s infrastructure. At the same time, Galaxy Digital analysts lowered their 2025 price target for BTC from $185,000 to $120,000, citing a slowdown in institutional demand and the unwinding of leveraged positions.
According to Bitget analytics, even with the lowered forecast, investment in infrastructure solutions—from mining projects to staking services and custody solutions—is increasing. This demonstrates long-term faith in the network, despite short-term liquidity risks and profit-taking by long-term holders.
Experts note that the current market phase is characterized by a clash of two forces: strategic investors increasing their positions in infrastructure and speculative capital reacting to macroeconomic news and volatility. This creates the basis for sharp movements both upward and downward.