Bitcoin Poised for Continued Surge, Analyst Predicts Peak by 2025
A prominent analyst is expressing optimism about Bitcoin's (BTC) future, as the leading cryptocurrency has surged to an all-time high of approximately $93,500.
The analyst, known by the handle Rekt Capital, highlighting that Bitcoin has entered the “parabolic phase” of its market cycle.
Rekt Capital forecasts that Bitcoin will experience several weeks of upward momentum before any significant correction occurs.
Drawing from historical trends, the analyst suggests that Bitcoin has around 40 weeks remaining before it reaches the peak of its current cycle.
READ MORE:
Binance to List Trending Memecoin, Price Surges 50%This prediction is based on the pattern observed in previous bull markets, which peaked around 518 days after Bitcoin’s halving event in 2017, with a slightly longer span of 550 days in 2020.
The analyst further indicates that the current bull market could extend until mid-September to mid-October 2025, potentially marking the peak of this cycle. He emphasizes that the parabolic phase is just beginning, and it could last for about 300 days, offering substantial gains before the market faces a correction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After the US stock market plummeted, "Wood Sister" Cathie Wood said: The more the market worries, the more optimistic I become, the bull market is not over
As the Nasdaq falls into a correction zone, Cathie Wood ("Sister Wood") stated that the prevailing market anxiety actually makes her more confident in the continuation of the bull market. She attributes this correction to pressures in the bond market and controversies over AI capital expenditures, but emphasizes that the technological revolution is still ongoing. She also revealed that ARK has used the opportunity to increase its holdings in high-conviction positions such as SpaceX, and expects the stock market to perform well through 2027.
After the "Black Week" for tech stocks, Wall Street calls for "bottom fishing"
Morgan Stanley has made it clear that "the next two to three weeks are the time to increase positions." Ed Yardeni characterizes the current downturn as a "correction" rather than the bursting of a bubble. Major Wall Street institutions have an average year-end target for the S&P 500 of 7,973 points. However, most strategists believe that the direction of AI policy remains the largest variable.
CoreWeave writes to Texas governor-elect seeking "data center consultation"
In this open letter, Michael Intrator stated that CoreWeave "strongly supports" Hinojosa's principled position that the growth of data centers must benefit the people of Texas. "We welcome the opportunity to work with your transition team to responsibly advance approved projects and to establish clear and lasting standards for future developments," he said.
Crypto prices
More
