Macroeconomic Factors Supporting Bitcoin's Performance in 2025

Despite facing some resistance in 2024, Bitcoin continues to perform strongly, even in the face of a strengthening US Dollar Index (DXY). Historically, Bitcoin's movements have typically been inversely related to the DXY, so if the DXY experiences a strong reversal, it could further enhance Bitcoin's upside potential.

Cycle Main Chart: There Is Still a Long Way to Go

The main chart of Bitcoin's cycle aggregates multiple on-chain valuation indicators, showing that there is still considerable room for growth before Bitcoin reaches overvaluation. Currently, the upper limit is around $190,000, and this upper limit continues to rise, further reinforcing the outlook for sustained upward momentum.

Data strongly indicates that Bitcoin's best times may still lie ahead, even in the context of an exceptionally positive performance in 2024.#比特币走势观察