Crypto Market Update: Bull Cycle Expected to Peak in 2025
A recent analysis by a CryptoQuant expert suggests that the ongoing bull cycle in the cryptocurrency market may reach its climax sooner than anticipated. According to the analyst, the bullish trends are likely to peak during the first or second quarter of 2025.
The Current Bull Cycle: A Review
The current bull cycle began in January 2023, shortly after the FTX crash, when Bitcoin (BTC) saw a significant price recovery from below $20,000. Since then, the apex cryptocurrency has gained significant attention from key players in the financial world, thanks in part to investment vehicles like the Bitcoin exchange-traded fund (ETF). With the bull cycle spanning approximately two years and BTC’s price surging during this period, the analyst believes that the market is now in the latter stages of this cycle.
Market Price Movement: What to Expect
The analyst notes that the percentage of BTC traded within a month is currently 36%, significantly lower than the peaks seen in past cycles. This metric is expected to rise before the bull cycle ends, leading the analyst to project Q1 or Q2 of 2025 as the crypto market’s climax. The analyst also expects the market to experience 2 to 4 significant price spikes, rather than a single spike, which will likely lead to overheating followed by a bear cycle.
Factors Fueling the Bullish Prediction
One of the factors fueling the bullish prediction is the upcoming inauguration of the United States President-elect, which crypto enthusiasts believe will introduce activities to boost BTC adoption. Additionally, the growing interest in cryptocurrency investment vehicles, such as the Bitcoin ETF, is also contributing to the optimistic outlook.
Conclusion
In conclusion, the CryptoQuant analyst’s prediction suggests that the ongoing bull cycle in the cryptocurrency market may reach its climax sooner than anticipated, with the market expected to peak during the first or second quarter of 2025. With the analyst expecting 2 to 4 significant price spikes, the crypto community can expect a significant price increase in the near term for BTC and altcoins. As the market continues to evolve, it’s essential to stay informed and up-to-date with the latest developments and trends.
Source: Cryptopotato.com
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