It is expected that this round of the crypto 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 risen 130% year-to-date. The current bull market reflects strong institutional demand, dominated by ETFs and spot accumulation.

Historical data indicates that we are in the mid-cycle, and after the halving in April 2024, the market is likely to peak around the third to fourth quarter of 2025, approximately 450 days after the halving.

Due to the influx of institutional funds, any adjustments in 2025 will remain moderate. Historically, the year following a halving has seen the strongest rebounds, with a minimum price estimate of $145,000 by mid-2025, and under favorable conditions, this price could rise to $200,000.