BTC and ETH Price Forecasts Highlight a Bullish Scenario for 2025

According to Steno Research, 2025 will be an exceptional year for BTC and ETH, with forecasts indicating the presence of fertile ground for growth in the market.

Cryptocurrency price forecasts for 2025 are generally optimistic, with some indicators suggesting the possibility of a particularly strong year for BTC, ETH, and the altcoin market as a whole.

Steno Research highlights the potential for BTC to reach new all-time highs in the upcoming months, targeting a price of $150,000 as the peak of the bull market.

Meanwhile, ETH is also expected to experience significant growth, with Steno's analysis indicating a price range of $8,000, which would be a substantial increase from its current all-time highs.

According to Steno, these bullish price forecasts are supported by a favorable regulatory environment for cryptocurrencies, which is expected to continue in 2025.

The macroeconomic outlook also appears positive, with interest rates decreasing and liquidity improving in the coming year.

Furthermore, institutional adoption of cryptocurrencies is likely to expand, evidenced by the positive inflows into spot BTC and ETH ETFs, which are expected to reach $48 billion and $28.5 billion, respectively.

Notably, 2025 could be a historically significant year for the crypto market, considering the strong performance observed in the years following Bitcoin's halving.

Typically, these years experience high bull quarters with excellent returns on both BTC and ETH.

For instance, in 2017, which came a year after the 2016 halving, BTC and ETH both enjoyed four bull quarters of exceptional performance.

Similarly, 2021, following the 2020 halving, was particularly bullish, with BTC recording three positive quarters out of four and ETH replicating the four-of-a-kind bull market quarters.

Based on this historical trend, the price forecasts for 2025, especially in the first quarter (Q1), are optimistic, and it remains to be seen whether history will indeed repeat itself this time.

An analysis of BTC derivatives also suggests positive price forecasts in the short term, according to Deribit Insights.

Since December 28, BTC has faced difficulty in maintaining the strong support at $95,000, and the demand for leverage has decreased.

The bull experienced liquidations of $470 million in the following days, reaching the local low of $91,500 before bouncing back.

Meanwhile, the bears also show reduced strength, and a potential downside on the price of Bitcoin now seems limited.

The open interest on BTC, which measures the total number of contracts on all BTC futures markets, suggests a bullish overall picture even with declining prices.

From the top of December 20, 2024, this metric has fallen to mark the lowest level since November 4, 2024, while still maintaining an excellent chart structure.

Furthermore, the 1-month BTC futures premium, generally traded between 5% and 10% in a neutral scenario, is currently at 15%.

This marks the highest premium of the last two weeks, demonstrating the continued conviction of the bull despite the uncertainty over prices.

Even the funding rate, or the financing rate of exchanges that regulates the leverage imbalance, suggests positive forecasts for the beginning of the new year.

In neutral markets, the long (buyers) generally pay a monthly fee from 0.4% to 1.8%, while higher rates indicate a growing bull sentiment.

The current monthly funding rate of BTC is 1.3%, which is the highest in over two weeks, although it remains in the neutral range.

Overall, Bitcoin derivatives metrics have shown improvement, and even though open interest has slightly decreased, this indicates that Bitcoin bears are not confident in adding positions below $95,000, which provides a positive outlook for the price.

In terms of altcoins, Steno's analysis suggests the possibility of a strong year for the sector, with a decline in BTC dominance expected from the current levels of 57%, dropping to around 45%.

This situation, combined with a rise of the trading pair ETH/BTC, would certainly lead to a strong influx of capital into lower capitalization tokens.

It is worth noting that ETH/BTC is the catalyst market for the altcoin season: when ETH outperforms BTC, altcoins usually accompany the bull movement.

In this regard, the forecasts show high chances that ether will exceed at least the 0.06 level in relation to the first cryptocurrency, about double the current 0.035.

This trading pair has been in bear mode for about two years and three months, down approximately 58% from the local top of September 2022.

It is likely that soon Ethereum will react to this situation of submission, especially if it wants to establish itself as the second currency in the ranking.

The bullish forecasts are also fueled by the argument that Donald Trump’s victory