It is expected that this round of the cryptocurrency bull market will peak around Q3 or Q4 of 2025.

Since the bear market low of $15,487 in November 2022, Bitcoin has surged over 573%, and its price has increased by 130% so far this year. The current bull market reflects strong institutional demand, dominated by ETF and spot accumulation.

Historical data suggests that we are in the mid-cycle, and the market may peak around Q3 to Q4 of 2025, approximately 450 days after the halving in April 2024.

Due to institutional capital inflows, any corrections in 2025 will remain moderate. Historically, the year following a halving has seen the strongest rebounds, with the minimum price estimated to be $145,000 by mid-2025, and under favorable conditions, this price could climb to $200,000.