**Bitcoin: Still on the Bull Path, But Not Yet at the Peak of Euphoria! 🚀**

- Bitcoin is currently soaring above IDR 107 million, but according to Bitfinex analysts, we are still far from the peak of euphoria. Based on historical data, the crypto market is in a bull phase and could peak in Q3 or Q4 2025, about 450 days after the April 2024 halving.

- In its weekly report, Bitfinex predicts that the price of Bitcoin could reach IDR 339 million or IDR 145 million, with more moderate gains compared to the previous cycle.

- Since November 2022, Bitcoin has risen 573% from its low. Institutional demand and Bitcoin ETFs are the main drivers of this increase.

- Spot ETFs are now the dominant force in the Bitcoin market, with more than 1.13 million BTC and a cumulative inflow of more than IDR 750 trillion!

- Analysts predict that the correction in this bull cycle will remain small. In the past, the biggest correction was only 33.2% in 2017 and 27.1% in 2020.

- Although optimistic for 2025, analysts warn that the increase may not be as high as the previous cycle. Approximately, Bitcoin could reach IDR 160 million or IDR 200 million by mid-2025.

Write your opinion in the comments column! Do you agree with this prediction?