Bitfinex analysts predict that Bitcoin could soar to $200,000 by mid-2025. This prediction comes after a year full of historic milestones, including the launch of the first spot cryptocurrency ETF.

Analysts released a report on Monday stating that 2024 will signal a historical upward trend in the following year.

They added that ongoing buying support from ETFs and institutional investors will likely help maintain relatively small corrections in the current Bitcoin bull cycle.

Bitfinex predicts Bitcoin could peak at $200,000 after Halving, despite volatility in 2025

"The current bull market reflects strong institutional demand, led by ETFs and spot accumulation," analysts said. "Historical data shows we are in the middle of the cycle, following the halving in April 2024, with the market likely peaking around Q3-Q4 of 2025, about 450 days after the halving. Historically, the years following a halving have seen the strongest price surges."

"Looking ahead, we believe that the current price surge above $100,000 has captured a significant portion of Bitcoin's appreciation in this cycle. Our minimum price target for Bitcoin remains at $140,000 - $200,000 around mid-2025."

Analysts predict volatility in early 2025 but believe the overall trend indicates continued price growth. This outlook is fueled by ETF support, institutional acceptance, and Bitcoin's growing position as a global asset. However, they advise investors to monitor overbought signals as Bitcoin approaches cycle peaks.

Bitfinex peaks at $339,000 amidst a heated market

If Bitcoin reflects the cycle of 2021, Bitfinex predicts a peak near $339,000. In a scenario similar to 2017 with diminishing returns, it could reach $290,000 by early 2026.

Bitcoin was last traded at around $106,567, marking a 17% increase over the past month. Market enthusiasm surged as Trump recently proposed the idea of a Bitcoin reserve, likening it to the U.S. Strategic Petroleum Reserve. "We will do something great with cryptocurrency," Trump said.

Investor sentiment has also improved due to MicroStrategy's impending inclusion in the Nasdaq-100, which could attract more institutional investors.

This bullish trend will extend into 2025, with technical factors such as the impact of the halving and institutional cash flow continuing to drive the digital asset market.

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