The cryptocurrency market is in turmoil, but there's no need to panic, as Bitcoin will regain momentum

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Despite the market correction, with Bitcoin falling below $100,000, investor optimism remains high, with great expectations for next year.

Analysts at Bitfinex have raised their forecasts for this cryptocurrency, predicting that by mid-2025, the price of Bitcoin could reach $200,000. According to their analysis, the main catalyst for this potential surge is the increasing institutional adoption of Bitcoin, which is expected to grow throughout 2025, creating significant upward pressure on the asset's price.

Bitfinex analysts also considered other scenarios in their predictions. If Bitcoin follows a trajectory similar to its 2021 cycle and rises 40% above its moving average, it could potentially reach an astonishing $339,000.

However, if the 2017 cycle repeats, characterized by a more pronounced decline in BTC's performance, Bitcoin could peak close to $290,000 by early 2026—although the likelihood of this scenario is lower.

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