Fun

Analyst Says Bitcoin Price Peak Lies Above $225,000, The Timeline Will Shock You

News Feed - 2024-12-22 03:12:54

Este artículo también está disponible en español.


As of December 21, 2024, the Bitcoin price is trading at around $98,600, reflecting a 3.4% increase from its previous close. This rise is part of a broader trend marked by substantial price fluctuations in the past seven days, which saw Bitcoin breaking below close support levels.Particularly, Bitcoin’s price movement in the past few days has been filled with declines below the $100,000 price level and liquidations across the entirecrypto industry.  Analyst Predicts Bitcoin Price Surge Above $225,000 By June 2025


Among the many voices weighing in on Bitcoin’s future trajectoryis Adrian Zduńczyk, a renowned cryptocurrency analyst better known as CRYPTO₿IRB. While sharing his insights on X, the analyst noted that Bitcoin’s current bull run is already 80% complete,with the remaining 20% expected to be the most exhilarating phase. According to Zduńczyk, this phase will push the Bitcoin price to unprecedented heights in the first half of 2025.  Related Reading Dogecoin Price And Its Weekly Golden Cross: Why The Crash To $0.31 Remains Natural 2 days ago


Speaking of the bull run being 80% complete, the current market cycle arguably began in October 2023, when applications of Spot Bitcoin ETFstriggered euphoria among crypto investors. At that time, Bitcoin was trading around $26,000, but the ensuing rally saw it breaking above multiple price resistance levels in quick succession. This, in turn, led to a break above its then all-time high to cross above $70,000 in March 2024, and then the latest break above the $100,000 psychological threshold in December 2024.


As CRYPTO₿IRB predicted, the current bull run has played out to about 80% of its trajectory, with only 20% left to play out. Calculations show that Bitcoin has already increased by about 315% since the bull run started about a year ago. However, the analyst’s projection suggests that the leading cryptocurrency is about to make another 110% increase from its current all-time high in the next six months. Particularly, Zduńczyk has projected that Bitcoin will peak at an astonishing price of over $225,000 by June 2025. Source: X Altseason To Follow Bitcoin’s Peak, Bear Market Lurks Beyond 2025


Zduńczyk anticipates that a major altseason, which is characterized by explosive gains across the altcoin market, will occur after Bitcoin reaches its projected peak. However, he cautioned investors to remain vigilant, warning that 2026 will likely usher in a bear market and potentially bring in losses between 80% and 90% from the highs of various cryptocurrencies.  Related Reading XRP Price Crash: Analyst Says Don’t Get Distracted As RSI Is Still Above A Bullish 50% 1 day ago


His advice to the crypto community is clear: “Realize gains and run before 2025 ends.” The analyst also hinted at a significant development scheduled for December 27, which he cryptically referred to as a “big release,” though details remain undisclosed at this moment.


Although CRYPTO₿IRB’s prediction is bullish, it pales in comparison to projectionsfrom other crypto analysts, with some putting Bitcoin’s peak above $1 million in the current market cycle.  BTC price holding $98,000 | Source: BTCUSD on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com

News Feed

Marcel Deer14 hours agoHow to buy Bitcoin in DubaiExperience zero tax on crypto trades — find out how to buy Bitcoin in Dubai.2784 Total views39 Total sharesListen to article 0:00How toJoin us on social networksDubai i
BitGo Says It’s Now Processing 20% of Bitcoin Transactions
BitGo is processing more than 20 percent of bitcoin transactions, the company said at CoinDesk’s Invest: NYC conference today. The announcement by the crypto custodian and iss
Rakesh Upadhyay5 hours agoPrice analysis 9/6: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATICBitcoin and several major altcoins continue to show weakness, but a few data points do favor bulls in the short term.973 To
On-Chain Data Shows Dogecoin At A Crucial Inflection Point
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Yashu Gola11 hours agoToncoin (TON) price skyrockets to 11-month high after Telegram launches ‘Giveaways’TON’s price risks a correction in the short term as it nears a confluence of historically strong resistance z
Santander to Offer Cryptocurrency Services in Brazil in the Coming Months
Santander to Offer Cryptocurrency Services in Brazil in the Coming Months Santander, one of the biggest banking institutions in the world, has announced it will start offering cryp
Tristan Greene3 hours agoScientists create ‘OpinionGPT’ to explore explicit human bias — and the public can test itDue to the nature of the model’s tuning data, it’s unclear whether this system is actually capa
Ambrosus Core Launches a $10 Million Developer Grant to Scale Its Open-Source Blockchain Ecosystem
Ambrosus Core Launches a $10 Million Developer Grant to Scale Its Open-Source Blockchain Ecosystem press release PRESS RELEASE. Zug, Switzerland —Ambrosus Core, the technical
Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
Tristan Greene5 hours agoFormer BAYC creative director Jeff Nicholas joins Meta’s Reality LabsNicholas joins Meta as an executive mixed reality producer for entertainment experiences.809 Total views1 Total sharesListen
Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty
Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty Despite a 9.95% increase last week and the all-time high difficulty, bit
William Suberg9 hours agoBitcoin traders eye weekly close volatility with $27K BTC price on radarBitcoin price analysis on both long and short timeframes is now focusing on the importance of the $27,000 mark.3391 Total v
Microsoft blames Crowdstrike meltdown on 2009 European Union deal
Vince Quill1 hour agoMicrosoft blames Crowdstrike meltdown on 2009 European Union dealThe security incident affected 8.5 million Windows systems worldwide as commercial operations were hit with the “blue screen of deat