As we approach the end of December 2024, Bitcoin’s price is holding steady at approximately $98,600, marking a 3.4% increase from its previous closing value. This upward movement is part of a larger pattern of volatility that has characterized the last week. During this period, Bitcoin experienced significant dips, dropping below crucial support levels, and leading to liquidations throughout the crypto market. Notably, in recent days, Bitcoin has faced challenges maintaining its position above the $100,000 mark.
Expert Insights: Bitcoin’s Potential Surge Past $225,000 by Mid-2025
A key figure offering insights into Bitcoin’s future is Adrian Zduńczyk, widely recognized in the cryptocurrency sphere as CRYPTO₿IRB. In a recent analysis shared on X, Zduńczyk emphasized that Bitcoin’s ongoing bull run is approximately 80% complete. He anticipates that the remaining 20% will be the most thrilling phase, potentially driving Bitcoin to new, unprecedented highs in the early months of 2025.
Understanding the Current Bull Run
The ongoing bull market is believed to have begun in October 2023, following a surge of enthusiasm sparked by the introduction of Spot Bitcoin ETFs. At that time, Bitcoin was valued at around $26,000. This enthusiasm led to rapid price escalations, with Bitcoin surpassing various resistance levels and achieving a new all-time high. By March 2024, Bitcoin broke through the $70,000 barrier, eventually surpassing the $100,000 psychological threshold by December 2024.
According to CRYPTO₿IRB, the bull run has seen Bitcoin’s value increase by approximately 315% since it began. The analyst forecasts an additional 110% rise from Bitcoin’s current record high over the next six months, projecting a peak price of over $225,000 by June 2025.
Anticipating Altseason and the Potential Bear Market Ahead
Following Bitcoin’s anticipated peak, Zduńczyk predicts a significant altseason, characterized by substantial gains across the altcoin sector. Despite the optimism, he advises investors to stay alert, as a bear market is expected to follow in 2026, which could result in losses ranging from 80% to 90% for various cryptocurrencies.
His guidance to the crypto community is straightforward: “Capitalize on gains and exit before the close of 2025.” Additionally, Zduńczyk hinted at an upcoming major event on December 27, described as a “big release,” although specific details remain under wraps at this time.
While CRYPTO₿IRB’s forecast is notably optimistic, it is relatively conservative compared to some other analysts who predict Bitcoin could exceed $1 million during this market cycle.
Conclusion
The future of Bitcoin continues to captivate investors and analysts alike, with its price trajectory offering both opportunities and challenges. As the market evolves, staying informed and being prepared to adapt to changes will be crucial for those involved in the cryptocurrency space.
