Recent price fluctuations in the cryptocurrency market raise questions about whether the 2025 bull market has concluded. Despite current trends, some analysts remain hopeful for a new record for Bitcoin.
Current Market Situation
The cryptocurrency market is showing mixed price actions, which raises questions about its future. Currently, Bitcoin is trading at $112,035, down 2.07% compared to the previous day.
Potential Bullish Patterns for Bitcoin
Analysts point to two bullish patterns formed in 2017 and 2021. In both instances, Bitcoin reached new highs within months, following similar cycles.
Trading Activity and Bitcoin's Future
Recent data shows a 69% increase in Bitcoin's trading volume, indicating significant selling activity. Nevertheless, large investors continued to buy, disregarding current market conditions.
Although the current state of the crypto market raises concerns, some analysts believe that Bitcoin could still set a new record in 2025, based on historical data and current patterns.
