Bitcoin (BTC) bull run may be over sooner than you think: analyst

TL; DR

Bitcoin (BTC) It surpassed $108,000 on December 17, with a peak forecast of $220,000 by March 2025. Bitfinex analysts predict a bull run that will last until the end of 2025, with the price likely to reach $339,000.

Just a few more months?

2024 (so far) has been more than successful for Bitcoin (BTC), with its price exploding approximately 150%. Although BTC was relatively strong at the beginning of the year, the actual Revival It seems to be He started Not long ago After Donald Trump (who presented himself as the right choice for pro-crypto voters) won the US presidential election.

Before the vote on November 5, BTC was trading at $67,000, almost a month later, it crossed the psychological level of $100,000. Earlier this week, the asset hit a new all-time high of over $108,000. Over the past several hours, it has undergone a correction and is now trading at $104,600 (per CoinGecko data).

Many analysts suggest he said. So much room for growth, others believe it will be a bull run is not last one Long. X user Ali Martinezexample He predicted BTC may rise to $220,000 in March next year, which may signal the end of the bull market. In the year It based its forecast on the asset's historical performance in 2017 and 2020. Martinez also anticipated the trip to the ride. The top mentioned above It can be boring.

“If Bitcoin behaves like 2017 and 2020, there will be a short correction after hitting $110,000, a big correction hitting $125,000, a big correction at $150,000 and the end of the bull market at $220,000.”

Still away from the Euphoria Zone?

in contrast The forecast mentioned earlierAnalysts on the crypto exchange Bitfinex think The property has not yet reached its “peaks of happiness.” According to them, the crypto market may be in the middle of a bull run, with the peak of the cycle expected in the second half of 2025.

Analysts estimate BTC's price rally as high as $339,000, partly due to the success of Bitcoin ETFs. Financial products have “emerged as a major force” and hold more than 1.13 BTC.

“While flexibility It is expected In Q1 2025, the broader trend shows further price appreciation, supported by ETFs, institutional adoption and the rise of Bitcoin as a global asset. Investors, however, should be alert to signs of overbought conditions as Bitcoin approaches the top of the cycle,” the study reads.