Bitcoin's upward trend will continue until the end of 2025
Despite weak performance from other major global assets, Bitcoin has still reached a historic high.
In the past month, the price of Bitcoin surged by 32%, while oil prices dropped by 6.3%, the S&P 500 index fell by 1%, and gold decreased by 1%. The rise of Bitcoin relative to other global assets is a positive sign for Bitcoin investors, reinforcing analysts' expectations that the current bull market will continue until the end of 2025—what cryptocurrency traders refer to as the 'excitation phase'.
Bitcoin has entered the excitation phase. This could extend Bitcoin's upward trend until the end of 2025. Based on its correlation with liquidity indices, Bitcoin is expected to reach a 'local top' of over $110,000 by January 2025.
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