- Bitfinex analysts imagine Bitcoin could attain between $140,000 – $200,000 by mid-2025
- “Consistent buying pressure” with ETFs will see future Bitcoin price correction “shorter in duration”
- If Bitcoin follows the 2021 cycle, it has the potential to succeed in $339,000
Bitcoin could surge to $200,000 beneath “favorable conditions,” in keeping with a brand new report from Bitfinex analysts.
In its Bitfinex Alpha report, printed on December 16, analysts famous that Bitcoin has achieved unprecedented milestones in 2024, surpassing a $2 trillion market capitalization and reaching a new all-time high of above $100,000.
The analysts added that Bitcoin exchange-traded funds (ETFs) have emerged as a dominant pressure, with US spot ETF inflows reaching $35.5 billion.
“Looking ahead, we believe the current run-up to over $100,000 has captured a significant portion of Bitcoin’s price appreciation for this cycle,” the analysts wrote. “Our minimum price target for Bitcoin remains at $140,000 – $200,000 around mid-2025.”
Bullish motion post-halving
Looking to 2025, the analysts imagine that any corrections will “remain mild, thanks to institutional inflows.” They additionally level out that as 2024 was a halving year for Bitcoin, “historically the following year post halving has been bullish.”
“In previous cycles, once Bitcoin entered price discovery following a halving, corrections before mean reversion to new ATHs were relatively contained,” the analysts wrote. “In the 2017 cycle, the maximum correction was 33.2 percent, while the 2020 cycle saw a slightly smaller correction of 27.1 percent.”
According to Bitfinex, Bitcoin’s present bull cycle, which began in mid-to-late 2023, the asset’s corrections have been smaller for the reason that launch of Bitcoin ETFs in January. Analysts imagine that with “consistent buying pressure,” future corrections might be “limited and potentially shorter in duration.”
Bitcoin at $339,000?
Bitfinex predicts Bitcoin’s price could peak at $339,000, if it follows the sample of the 2021 cycle; nevertheless, if it follows the 2017 cycle with diminishing returns, Bitcoin could hit round $290,000 by 2026.
At the time of publishing, Bitcoin is buying and selling beneath $104,000, in keeping with knowledge from CoinMarketCap. Yesterday, the crypto asset reached a brand new all-time excessive of above $108,000.
Market sentiment has surged since President-elect Donald Trump received the US election in November. Since then, Trump has appointment a number of pro-crypto candidates within the run as much as his administration coming into the White House in January.
Earlier this month, Trump named pro-crypto Paul Atkins because the next Chair of the US Securities and Exchange Commission (SEC). He’ll take over from present Chair Gary Gensler who’s stepping down on January 20.
Trump additionally has Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy main the Department of Government Efficiency (DOGE) to “dismantle government bureaucracy.” Meanwhile, David Sacks would be the lead policy advisor on synthetic intelligence and crypto.
