Bitcoin's price recovery to $98,859 signals resilience after a sharp crash and heavy liquidations.
Analyst Adrian Zduńczyk predicts two 20%-30% corrections before BTC reaches a $225,00 ATH.
Bitcoin's future open interest reached $60.28 billion, indicating growing market activity.
Bitcoin's price recently recovered 7% from its December 20 swing low of $92,230, trading at $98,859. The recovery follows a sharp market crash, which resulted in billions in liquidations.
Experts Warns of Two More Crashes
Market analyst Adrian Zduńczyk, according to his X Space post, expects two more 20%-30% declines before Bitcoin reaches $225,000, marking its all-time high. He notes that 80% of Bitcoin's bull run has already occurred, leaving 20% of the cycle remaining.
Source: Adrian Zduńczyk(X)
The analyst emphasizes a potential altseason following Bitcoin's peak, indicating opportunities in altcoins afterwards. Investors are advised to take profits before 2025 ends, as market cycles tend to shift rapidly. The recent recovery showcases BTC's resilience despite the volatility, underscoring the ongoing bullish trend.
Bitcoin's Recent Market Activity
CoinMarket Cap data at the time of press indicates that BTC was trading at a price of $96,195.38, reflecting a 1.68% decrease within the intraday. The market cap read at $1.9 trillion, while the 24-hour trading volume is $51.49 billion, observing a 46.14% decline in trading activity.
Source: CoinMarket Cap
The Fully Diluted Valuation (FDV) is $2.02 trillion, and the circulating supply remains at 19.79 million BTC out of a maximum supply of 21 million BTC. The price movement displays intraday fluctuations, peaking at $97.86K before declining, indicating increased volatility and selling pressure, with Bitcoin maintaining a downward trend in the observed period.
Coinglass data displays Bitcoin futures open interest in USD, reaching $60.28 billion on December 22, 2024. Coinglass data illustrates a steady increase in open interest since early September, with noticeable growth beginning in March.
Source: Coinglass
Open interest remained relatively flat from October through February before rising sharply from March to the current level. The increase indicates heightened trading activity and interest in Bitcoin futures.
The post Bitcoin’s Path to $225K: Analyst Predicts Two More Crashes Before Bull Run Ends appeared first on Crypto News Land.
