Analyst Says Bitcoin Price Peak Lies Above $225,000, The Timeline Will Shock You
As of December 21, 2024, the Bitcoin price is trading at around $98,600, reflecting a 3.4% increase from its previous close. This rise is part of a broader trend marked by substantial price fluctuations in the past seven days, which saw Bitcoin breaking below close support levels. Particularly, Bitcoins price movement in the past few days has been filled with declines below the $100,000 price level and liquidations across the entire crypto industry.
Analyst Predicts Bitcoin Price Surge Above $225,000 By June 2025
Among the many voices weighing in on Bitcoins future trajectory is Adrian Zduczyk, a renowned cryptocurrency analyst better known as CRYPTOIRB. While sharing his insights on X, the analyst noted that Bitcoins current bull run is already 80% complete, with the remaining 20% expected to be the most exhilarating phase. According to Zduczyk, this phase will push the Bitcoin price to unprecedented heights in the first half of 2025.
Speaking of the bull run being 80% complete, the current market cycle arguably began in October 2023, when applications of Spot Bitcoin ETFs triggered euphoria among crypto investors. At that time, Bitcoin was trading around $26,000, but the ensuing rally saw it breaking above multiple price resistance levels in quick succession. This, in turn, led to a break above its then all-time high to cross above $70,000 in March 2024, and then the latest break above the $100,000 psychological threshold in December 2024.
As CRYPTOIRB predicted, the current bull run has played out to about 80% of its trajectory, with only 20% left to play out. Calculations show that Bitcoin has already increased by about 315% since the bull run started about a year ago. However, the analysts projection suggests that the leading cryptocurrency is about to make another 110% increase from its current all-time high in the next six months. Particularly, Zduczyk has projected that Bitcoin will peak at an astonishing price of over $225,000 by June 2025.
Altseason To Follow Bitcoins Peak, Bear Market Lurks Beyond 2025
Zduczyk anticipates that a major altseason, which is characterized by explosive gains across the altcoin market, will occur after Bitcoin reaches its projected peak. However, he cautioned investors to remain vigilant, warning that 2026 will likely usher in a bear market and potentially bring in losses between 80% and 90% from the highs of various cryptocurrencies.
His advice to the crypto community is clear: Realize gains and run before 2025 ends. The analyst also hinted at a significant development scheduled for December 27, which he cryptically referred to as a big release, though details remain undisclosed at this moment.
Although CRYPTOIRBs prediction is bullish, it pales in comparison to projections from other crypto analysts, with some putting Bitcoins peak above $1 million in the current market cycle.
Read more: https://www.newsbtc.com/news/bitcoin/bitcoin-price-peak-225000/
Text source: NewsBTC
