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As of December 21, 2024, the price of Bitcoin is trading at around $98,600, reflecting a 3.4% increase from its previous close. This rise is part of a broader trend characterized by significant price swings over the past seven days, which Bitcoin has seen Breakout below nearby support levels. In particular, Bitcoin price action in the past few days has been full of dips below the $100,000 price level and… Liquidations throughout Crypto industry.
The analyst expects Bitcoin prices to rise above $225,000 by June 2025
Among the many voices Influencing Bitcoin’s future path He is Adrian Zduńczyk, the famous cryptocurrency analyst known as CRYPTO₿IRB. while Share his thoughts about Xthe analyst pointed to the current bullish trend for Bitcoin 80% completed already, The remaining 20% is expected to be the most exciting phase. According to Zduńczyk, this phase will push the price of Bitcoin to unprecedented levels in the first half of 2025.
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When talking about the 80% completion of the bullish wave, it can be said that the current market cycle began in October 2023, when Bitcoin ETF Applications It sparked euphoria among cryptocurrency investors. At the time, Bitcoin was trading around $26,000, but the rally that followed saw it break through multiple price resistance levels in quick succession. This in turn led to an all-time high breaking above $70,000 in March 2024, and then a final break above the psychological threshold of $100,000 in December 2024.
As predicted by CRYPTO₿IRB, the current upward trajectory has reached about 80% of its path, with only 20% remaining. Calculations show that Bitcoin has already risen by about 315% since the uptrend began almost a year ago. However, analyst forecasts indicate that the leading cryptocurrency is on the verge of another 110% increase from its all-time high in the next six months. In particular, Zduńczyk predicts that Bitcoin will peak at a staggering price of over $225,000 by June 2025.
Altseason follows Bitcoin’s peak, and a bear market lurks after 2025
Zduńczyk expects a major altcoin season, marked by massive gains in the altcoin market, to occur after Bitcoin reaches its expected peak. However, he cautioned investors to remain vigilant, warning that 2026 will likely usher in a bear market and possibly result in losses of between 80% and 90% from the highs of various cryptocurrencies.
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His advice to the cryptocurrency community is clear: “Make the profits and get going before the end of 2025.” The analyst also hinted at an important development scheduled for December 27, which he vaguely referred to as a “big release,” although details remain unannounced at this moment.
Although the outlook for CRYPTO₿IRB is bullish, it is… It pales in comparison to expectations From other cryptocurrency analysts, some have put Bitcoin’s peak Over $1 million in the current market cycle.
Featured image created with Dall.E, chart from Tradingview.com
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