The current cryptocurrency bull market is expected to peak around the third or fourth quarter of 2025.
Since the bear market low of $15,487 in November 2022, the price of Bitcoin has surged over 573%, and as of now, its price increase this year has reached 130%.
The current bull market trend demonstrates strong institutional demand, primarily driven by ETF and spot accumulation.
Based on historical data, we are currently in the mid-cycle phase, meaning that after the halving event in April 2024, the market is likely to peak around the third to fourth quarter of 2025, approximately 450 days after the halving.
Given the continuous inflow of institutional capital, even if price adjustments occur in 2025, their magnitude will likely be relatively mild.
Historically, the years following a halving event tend to experience the strongest rebound trends.
It is estimated that by mid-2025, Bitcoin's minimum price is projected to be around $145,000, and under favorable market conditions, its price could potentially rise to $200,000.
