Bitcoin continues to show a strong bullish trend despite recent price stabilization. According to CryptoQuant CEO Ki Young Ju, a correction to $77,000 is within historical norms.
Bitcoin's Historical Cycles and Halving Impact
Bitcoin follows a four-year halving cycle, during which the block reward for miners is halved, reducing the rate of new BTC entering circulation. This event historically triggers significant price increases as lower supply meets increasing demand. Previous halvings in 2012, 2016, and 2020 were followed by bull runs, with Bitcoin reaching new highs months after each event. The latest halving occurred in April 2024, and analysts expect similar long-term effects.
A 30% Dip Would Not End the Bull Market
On February 19, Ju addressed concerns on X (formerly Twitter) about Bitcoin's recent lack of momentum. He reaffirmed that the ongoing bull cycle remains intact, and even a significant pullback would not signal the start of a bear market.
What's Next for Bitcoin in 2025?
Despite concerns over short-term volatility, analysts at CryptoQuant expect further price increases in 2025. Analyst Timo Oinonen argues that the current cycle remains incomplete, noting that BTC/USD has only gained 60% since the last halving. He anticipates a potential pullback in May, followed by a relatively stable summer, before an eventual rally in Q4.
While short-term corrections are normal, Bitcoin's broader trajectory remains bullish, with historical patterns suggesting further rallies post-halving over the long term.
