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Cryptocurrency News Articles

Bitcoin (BTC) Price Predictions See Highs of $150K as Analysts Target Late 2025 to Reclaim All-Time Highs

Dec 14, 2024 at 04:55 am

Cryptocurrency markets are trading higher on Friday as the stock market continues to have a bullish outlook for 2025.

Bitcoin (BTC) Price Predictions See Highs of $150K as Analysts Target Late 2025 to Reclaim All-Time Highs

Cryptocurrency markets are trading higher on Friday as the stock market continues to have a bullish outlook for 2025.

Here are some notable statistics and developments:

Top Gainers:

According to crypto trader Titan of Crypto, with Bitcoin prices reclaiming $101,000, the 2-month RSI is implying that the crypto king typically peaks 8 to 10 months after breaking its earlier all-time high.

Crypto chart analyst Ali Martinez observed Bitcoin sitting on top of a significant support wall between $94,300 and $100,250, where 2.25 million wallets bought over 2.18 million BTC.

#Bitcoin sits on top of a significant support wall between $94,300 and $100,250, where 2.25 million wallets bought over 2.18 million $BTC. pic.twitter.com/WdLZXHh8rI

CryptoCon expressed skepticism about claims of a Bitcoin cycle top arriving soon, predicting that by Q1 2025, most participants in the space will have exited.

He references data indicating that the typical cycle pattern is on track, with a top expected in late 2025, suggesting strong price action ahead.

The Puell Multiple phases are reportedly aligning with previous cycles, signaling that the market is still in the early stages of a bull run. However, the trader is curious whether this outlook is based on hope or solid facts.

When someone says there's a #Bitcoin cycle top coming in the next few months, I can't help but smile and shake my head…At this rate, about 90% of our space will have packed their bags after Q1 2025.

Meanwhile, data says we're right on track for normal cycle timing with a top… pic.twitter.com/dU24IXfwK2

News source:www.benzinga.com

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