A recent study, based on Bitcoin's last three bull cycles, predicts that the cryptocurrency's price could reach record levels in 2025. Researcher Danny Marques estimates that Bitcoin could reach a minimum value of US$173,646 and a maximum of US$173,646. $461,135 by the end of the year.
This prediction is based on analysis of previous cycles and the application of Fibonacci extensions. The methodology indicates that Bitcoin has historically peaked around certain Fibonacci levels, and this pattern is expected to repeat itself in the next cycle.
Other studies also point to a promising future for Bitcoin. Previous research had already projected a minimum price target of $199,998 by the end of 2025.
Confidence in Bitcoin appears to be high, even after the recent wave of profit-taking. Miners, for example, are holding on to their Bitcoins, indicating a positive sentiment towards the market.
From a technical perspective, Bitcoin continues to be on an uptrend, with analysts predicting new record highs before the end of 2024. However, it is important to note that the cryptocurrency market is volatile and subject to various influences, such as the macroeconomic scenario and regulations.
In short, the projections for Bitcoin’s price in 2025 are quite optimistic. However, it is crucial that investors conduct their own research and consider the risks before making any decisions.
Please note: This summary is based on the information provided and should not be construed as financial advice. DYOR.
