Currently, the bullish sentiment for Bitcoin (BTC) remains high, with predictions suggesting that by January 2025, the price of Bitcoin could reach $130,000, or even higher, perhaps between $155,000 and $200,000, especially if inflation gets out of control. This prediction is not unfounded, Bitcoin has been growing for a long time, and this is a fact that cannot be denied.

For the upcoming bull run, we can expect an explosive top, similar to the one in December 2017, rather than a long-term double top like in 2021. This means that the price of Bitcoin may fall quickly after reaching the peak, starting the next bear market. If the bull move starts early, then this top may be reached in 5-6 months, and the bull run of Bitcoin may end around April-June, followed by a long-term bear move. However, the probability of this happening is not high.

It is more likely that the price of Bitcoin will peak in late 2025. This is because Bitcoin usually peaks at the end of the bull run to give time for the rest of the market to play out. With this in mind, we will have plenty of time for the bull wave to develop, which may take several months for the price to rise. It is conceivable that Bitcoin rises across the board and hits a new high by the end of the first quarter of 2025. Then there is a small correction, sideways for several months, and further price increases. We may see 3-7 months of consolidation before the final bull run. The final bull run will produce a new historical high, with the top between $155,000 and $208,000 (taking into account inflation/war scenarios). This is more consistent with Bitcoin's past performance.

After the correction is over, it is possible to consider going long on Bitcoin. However, investors should be aware of the high volatility and risks of the cryptocurrency market and do a good job of risk management.