Crypto market analysts suggest that Bitcoin could reach new highs by the end of the first quarter of 2025, amidst current market volatility.
Volatility Returns to US Election Period Levels
Swyftx lead analyst Pav Hundal pointed out that the Bitcoin market has returned to volatility levels last seen during the US elections. Hundal warns that this could spell danger for both bulls and bears in the crypto market.
Crypto Commentary Divided
Some analysts predict Bitcoin will peak in Q1 2025, whereas others, like Arthur Hayes, foresee a drop in value to $70,000 - $75,000. Meanwhile, Dr. Sean Dawson estimates less than a 10% chance of such a decline.
Macro Conditions and Their Market Impact
Hundal emphasizes that the crypto market is entering 'the most accommodative policy era.' However, there are differing views on how macroeconomic conditions will impact Bitcoin's price in the short term.
With forecasts for the upcoming months, the crypto market remains uncertain. Leading analysts have varying assessments, and only time will tell whose predictions hold true.
