If historical patterns repeat, Bitcoin might peak between $150,000 and $300,000
Bitcoin (BTC) is reaching new highs as the year ends, indicating strong predictions for the cycle. The newest Bitfinex reports show when BTC's high may occur and how much climbing remains.
Launch and institutional demand of Bitcoin and Ethereum spot ETFs have exceeded expectations and drawn a “new class of investors” to crypto.
The paper says this cycle has been “unique” since ETF investors and rising trust in the industry drove BTC's price to a new ATH before the Halving event, traditionally driving the flagship coin to a new high after 5-7 months.
Moreover, the anticipated crypto-friendly US government boosted sector bullishness, resulting to the big post-election rise. Due to this, the crypto market has expanded 130% YTD to $3.69 trillion, up roughly 70% this quarter.
Bitcoin rose 573% from $15,487 in 2022, according to the research. The flagship crypto has increased 130% YTD due to this year's industry successes.
Bitcoin broke $100,000 for the first time this month, reaching a new ATH at $110,000 on Monday. Historical data suggests the bitcoin industry is mid-cycle, thus Bitfinex expects multiple levels to rise in 2025.
BTC usually peaks 450 days after halving, therefore this data indicates Q3 and Q4 2025. MVRV, NUPL, and the Bull-Bear market indicator indicate that “we remain in the bull phase but far from euphoric peaks.”
Bitfinex also noted that the Pi Cycle Top Indicator has traditionally predicted cycle highs with a three-day timeframe. Bitcoin may peak in mid-2025 and early-2026, according to prior cycles.
If BTC continues the 2021 cycle pattern, it might rise 40% to $339,000 and peak in June or July 2025. However, the flagship crypto has shown declining profits across cycles, according to the research.
Based on this, Bitcoin may rise 15% to 20% to $160,000-$200,000. If BTC follows 2017's cycle trend, it might climb until January 2026, culminating at $229,000 with declining profits.
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