💻Analysis:
At what point in the market are we?🤷
With the start of 2025, after a bullish year for bitcoin (BTC) and multiple cryptocurrencies, doubts arise about what point in the cycle the market is currently in. Will the bullish trend continue, or has it reached its peak?🤔
According to Grayscale, a bitcoin fund issuer, the current bullish period of $BTC and cryptocurrencies is still far from over.💪
"As long as it is supported by fundamentals such as adoption and the overall macro market conditions, we see no reason why the bullish cryptocurrency market cannot continue into 2025 and beyond," the company emphasizes.😎
💥The price of bitcoin is characterized by recurring cycles of bullish and bearish markets, with higher prices in each. The periods of increase have always occurred around each halving, an event that halves the issuance of $BTC every four years.💥
The current period of bitcoin appreciation, which began in November 2022, has lasted just over two years with a rise of 6 times🚀🚀🚀
👉Supported by fundamentals such as Trump's inauguration on January 20, it is expected that the bullish cycle will continue, some analysts are sure that $BTC will reach $200,000 this year.👈
What do you think? 🤔