As of December 21, 2024, Bitcoin is trading at around $98,600, representing a 3.4% increase from its previous close. The increase is part of a broader trend marked by significant price volatility over the past seven days, which Bitcoin has seen. Break below close support levels. In particular, Bitcoin's price action has been filled in the past few days with a dip below the $100,000 price level. Liquidation in general The crypto industry
The analyst predicts that the price of Bitcoin will reach above $225,000 by June 2025.
Among many voices Investigating the future path of Bitcoin Adrian Zduńczyk is a famous cryptocurrency analyst, better known as CRYPTO₿IRB. While Share your insight on Xthis analyst pointed out that the current bullish trend of Bitcoin Currently 80% completed, The remaining 20% is expected to be the most exciting phase. According to Zduńczyk, this phase will push the price of Bitcoin to record highs in the first half of 2025.
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Given that the uptrend is 80% complete, the current market cycle likely began in October 2023, when Applications of Spot Bitcoin ETFs It caused euphoria among cryptocurrency investors. At the time, Bitcoin was trading around $26,000, but the ensuing rally saw it quickly break multiple resistance levels. This in turn led to a break above the then-high above $70,000 in March 2024, and then a final break above the psychological threshold of $100,000 in December 2024.
As predicted by CRYPTO₿IRB, the current uptrend is about 80% of the way there and only 20% to go. Calculations show that Bitcoin has increased by around 315% since the bullish trend started about a year ago. However, the analyst's forecast suggests that the leading digital currency will gain 110% from its current record high in the next six months. In particular, Zduńczyk predicts that Bitcoin will peak by June 2025 at an astonishing price of more than $225,000.
Altseason to follow Bitcoin peak, bear market lurks beyond 2025
Zduńczyk predicts that after Bitcoin reaches its predicted peak, there will be a big season marked by explosive gains in the altcoin market. However, he cautioned investors to be careful, warning that 2026 is likely to bring a bear market, with losses of between 80 and 90 percent from the peaks of various cryptocurrencies.
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His advice to the crypto community is clear: “Realize and implement the gains before the end of 2025.” The analyst also hinted at a significant development planned for December 27, which he cryptically referred to as a “big release,” though details have not been disclosed at this time.
Although the forecast for CRYPTO₿IRB is bullish, it is a forecast It pales in comparison to the predictions Among other crypto analysts, with some of them, they have taken the peak of Bitcoin Over $1 million in the current market cycle.
Featured image created with Dall.E, chart from Tradingview.com
