Bitfinex: Bitcoin may hit $200k in mid-2025 with mild price corrections.
Bitfinex analysts believe that Bitcoin may reach between $140,000 – $200,000 in mid-2025 “due to continuous buying pressure with ETFs” Future Bitcoin price correction “In the short term” If Bitcoin follows the cycle of 2021, it has a chance to reach $339,000.
According to a new report by Bitfinex analysts, Bitcoin could rise to $200,000 under “favorable conditions”.
In a Bitfinex Alpha report published on December 16, analysts predicted that Bitcoin would make unprecedented gains in 2024, surpassing $2 trillion in market capitalization and reaching a new all-time high of over $100,000.
The analysts added that Bitcoin exchange-traded funds (ETFs) have emerged as a dominant force, with US spot ETF revenue reaching $35.5 billion.
“Looking ahead, we believe the current run above $100,000 holds Bitcoin's value high for this cycle,” the analysts wrote. “Our low price target remains at $140,000 – $200,000 around mid-2025.”
After half of the bullying activity
In the year Looking ahead to 2025, the analysts believe any corrections will be “thanks to institutional earnings”. He also noted that as 2024 is Bitcoin's halving, “Historically it has been very difficult to halve next year.”
“In previous cycles, once Bitcoin entered a period following a halving of price gains, reversals to new ATHs before the mean were relatively contained,” the analysts wrote. “The largest correction in the 2017 cycle was 33.2 percent, while the 2020 cycle saw a smaller correction of 27.1 percent.”
Bitfinex's current bull cycle, which began in mid-to-late 2023, is the lowest since the asset's corrections since the launch of Bitcoin ETFs in January, according to Bitfinex. Analysts believe that future corrections will be “limited and short-lived” due to “continuous buying pressure”.
Bitcoin at $339,000?
Bitfinex predicts that if the pattern of the 2021 cycle follows, the price of Bitcoin could increase by $339,000. However, if it follows the 2017 cycle of diminishing returns, Bitcoin could reach $290,000 by 2026.
According to data from CoinMarketCap, at the time of publication, Bitcoin is trading below $104,000. Yesterday, the crypto asset hit a new all-time high of over $108,000.
Market sentiment increased after President-elect Donald Trump won the US election in November. Since then, the Trump administration has nominated several pro-crime candidates before entering the White House in January.
Earlier this month, Trump nominated pro-Creto Paul Atkins as chairman of the US Securities and Exchange Commission (SEC). He will succeed current chairman Gary Gensler, who will step down on January 20.
Trump has Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy head up the Office of Government Efficiency (DOGE) to “break down government bureaucracies.” Meanwhile, David Sachs will be a leading policy advisor on artificial intelligence and crypto.
