Deep Tide TechFlow news, on December 16, Bitfinex Alpha's latest report states that Bitcoin has surged over 573% since the bear market low of $15,487 in November 2022, with its price increasing by 130% so far this year. The current bull market reflects strong institutional demand, driven by ETF and spot accumulation. Historical data suggests we are in the mid-cycle after the April 2024 halving, with the market potentially peaking around the third to fourth quarter of 2025, approximately 450 days post-halving.
Indicators such as MVRV, NUPL, and bull-bear market cycle indicators suggest we are still in the bull market phase but far from reaching a peak. The Pi cycle top and 4-year moving average model predict a potential cycle top between $145,000 and $189,000. From a historical perspective, diminishing returns are tempering the explosive growth of BTC seen in previous cycles. The report believes that any adjustments in 2025 will remain mild due to institutional capital inflows; historically, the year following a halving sees the strongest rebounds; cycle target: by mid-2025, the minimum price estimate is $145,000, with favorable conditions potentially pushing this price up to $200,000.
