Analysts’ 2025 Bull Market Predictions
Markets are recovering from a year-end slump that dragged most cryptocurrencies, including Bitcoin, to monthly lows. As the flagship cryptocurrency retests key levels, several analysts have shared their predictions for a 2025 bull run and BTC performance.
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Is the Bitcoin correction nearing its end?
Bitcoin has slowly climbed back toward $96,000 levels over the past three days, briefly trading near the $98,000 mark on Thursday afternoon. Last week, the flagship cryptocurrency lost this key range and failed to regain it for six days. This area has been a key rally point since mid-November.
However, the new year’s recovery has seen the price of BTC rise by almost 5%, with Bitcoin trading above $96,000 in the past day. Some cryptocurrency analysts have previously said that reclaiming the $97,300 support area is crucial to reversing BTC’s short-term bearish trend. Yesterday, the level was retested for the first time in over a week but failed to hold.
Nonetheless, cryptocurrency analyst Rekt Capital famous Week 9 of the post-halving “parabolic phase” is “slowly coming to an end,” suggesting that BTC’s correction may soon be over. The analyst explained that after each halving event, Bitcoin enters a parabolic period, with each cycle lasting approximately 300 days.
Historically, Bitcoin register The first major pullback after a month into price discovery mode. The first “price discovery correction” begins between weeks 6 and 8 of each parabolic phase, with a retracement of at least 25%.
This cycle, Bitcoin’s correction began in the 7th week, with a 15% correction. Some analysts believe that suggestion This is due to the trend of smaller corrections. Rekt Capital says the flagship cryptocurrency will provide ample reason to be bullish “once Bitcoin shakes off its historic correction week.”
Likewise, analysts point out Bitcoin’s top could come this year, followed by “the beginning of a new bear market.” However, he explained that the bulk of the bear market will occur over the next year, lasting “approximately 365+ days and with a depth between -65% and -80%.”
BTC performs well in Q1
Daan Cryptocurrency Trading Highlight Bitcoin “has been hovering around the $100,000 level for six weeks in a row, and we’ve built a lot of liquidity in this space.” He added that from the $100,000 mark and above, “there should be plenty of momentum. to drive prices higher.”
In addition, traders famous BTC “is trading near high volume nodes. This means that most of the volume is being transacted between these prices. Generally speaking, price action will be easier when price is able to break out of such high volume areas . The 4H 200MA is guarding the breakout at the top. The 4H 200EMA below is providing support.”
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Daan asserted that a break above the $98,000 mark could “get the party started and start a return to all-time highs,” while holding the key $95,000 support zone in the short term.
Ultimately, he believes that as market performance improves, “there will be an interesting race between BTC and ETH this quarter.” period The first quarter is typically “very positive.” Based on this historical performance, traders expect the leading cryptocurrency to start the year well.
As of this writing, Bitcoin is trading at $97,071, up 1% on a weekly basis.
Featured image from Unsplash.com, chart from TradingView.com
