Bitcoin has reached the historic $100,207 mark, surpassing the $100,000 milestone for the first time. This achievement comes despite sluggish performance in other major global assets, such as oil and gold. The surge in Bitcoin’s price indicates a promising signal for investors, bolstering expectations that the current bull rally will last until the end of 2025.
The long-term holder net unrealized profit/loss (NUPL) metric suggests that Bitcoin is entering the “euphoria stage,” which could extend the rally until 2025. According to Quinten François, co-founder of WeRate, this phase typically lasts for up to 12 months before a potential cycle top.
Another indicator pointing to Bitcoin’s trajectory is the all-time high achieved despite a deteriorating liquidity backdrop. James Coutts, chief crypto analyst at Real Vision, notes that if conditions worsen, the rally can only last for a limited time. However, if conditions ease, a potential correction may be followed by another push upwards.
The global M2 liquidity index also suggests that Bitcoin may extend its rally in the short term before a possible correction. According to Raoul Pal, founder and CEO of Global Macro Investor, this correlation points to a “local top” above $110,000 by January 2025.
As Bitcoin navigates this volatile market, investors will need to carefully consider these indicators and potential risks before making any decisions.
Source: https://cointelegraph.com/news/bitcoin-rally-predicted-through-2025-analyst