Analysts predict a bullish run for Bitcoin in 2025, with prices potentially reaching as high as $150,000.
This increase is expected to be driven by the upcoming halving event and the anticipated approval of Bitcoin exchange traded funds.
Despite experiencing a 45% decline from its peak in 2021, Bitcoin has already risen over 120% this year.
According to experts, Bitcoin follows a four-year cycle, with each cycle consisting of four phases: break-out, hype, correction, and accumulation.
The price fluctuations during these cycles are largely influenced by halving events, which occur every four years.
Bitcoin has gone through three halvings in its history, with the next one expected to take place in April of next year.
The start of a new bull run is expected to be driven by institutional inflow, brought on by the approval of Bitcoin ETFs.
However, analysts predict this flow of investment will be slow at first, with a gradual build-up leading to a peak in 2025 instead of 2024.
The current break-out of Bitcoin's price is believed to be a result of the gradual pricing in of the news of potential ETF approval.
It is expected that after the initial inflows from ETFs, there may be some disappointment in the market, leading to short-term fluctuations.
Many experts agree that the long-term potential of Bitcoin remains strong, especially with the continued institutional support and increasing mainstream acceptance.
However, some caution that the volatility of Bitcoin's price may continue to pose a risk for investors.
Despite this, there has been a growing interest in cryptocurrency and its potential for long-term growth.
This has been reflected in the increasing number of retail investors getting involved in the market.
Overall, it is still uncertain how exactly the next few years will play out for Bitcoin, but analysts remain optimistic about its potential for significant growth in the long run.