Despite the recent price drop for Bitcoin, analysts are confident that it does not indicate the end of the current market cycle. Expert opinions range from a forecast of $150,000 to $200,000 by the end of 2025.
Bitcoin Price Drop: Not the Cycle's End
Analytics firm CryptoQuant has dismissed rumors that Bitcoin's recent price decline marks the peak of its market cycle. Analysts state that the current price fluctuations are typical for this stage and do not indicate the start of a bear market. The analysis suggests that the number of Bitcoins held on exchanges has decreased, indicating that investors are not looking to sell the asset.
Growth Prospects to $150,000
According to David Bailey, CEO of Nakamoto, Bitcoin could reach $150,000 if two large holders stop their selling spree. He noted that one of the whales has already completed their selling process, and the other is halfway through, suggesting potential price growth.
Historical Cycles and Future Predictions
Analysis of historical cycles indicates that the next price peak for Bitcoin could occur between October and November 2025. Analysts advise monitoring multiple factors, including long-term holder activity and exchange balances, to refine predictions.
Thus, despite recent fluctuations in Bitcoin's price, experts are confident that the market is still on track for growth, with significant price increases possible in the future.
