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Bitcoin (BTC) Price Prediction for December 28
How long will drop of Bitcoin (BTC) last? Decrypt
2025 Crypto Forecast: Four-Year Cycle Points To Peak In Q2/Q4, Expert Advises Caution
As the market approaches the end of 2024, the crypto landscape is teeming with speculation and anticipation. A recent report from the data aggregator CoinGecko has provided a comprehensive analysis of what investors can expect in 2025. With the market experiencing a significant correction, many industry participants are left questioning their next steps. However, CoinGecko’s insights suggest a promising trajectory ahead. Broader Crypto Market Signs Point To Significant Growth One of the standout predictions centers around Bitcoin (BTC), the flagship cryptocurrency. The report indicates that Bitcoin is positioned favorably within a logarithmic analysis of its monthly chart, revealing a consistent upward movement within an ascending channel. Related Reading: Ethereum On The Cusp Of Major Breakout In Q1 2025, Altcoins Expected To Follow Suit Currently, Bitcoin is nearing a pivotal axis point within this channel, echoing patterns observed during previous bullish cycles. Optimistically, the analysis forecasts that Bitcoin could soar to $250,000, reflecting a staggering 154% increase. This projection aligns closely with historical trends observed following Bitcoin’s Halving events, where supply constraints often lead to price surges. Such a milestone would not only reinforce Bitcoin’s dominance in the crypto market but also attract a wave of new investors. The broader cryptocurrency market is also showcasing signs of significant growth. The total market capitalization is currently navigating a rising wedge pattern, which historically has served as a precursor to substantial bullish rallies. Altcoin Season On The Horizon? In a more granular look at the market, the report highlights the total market capitalization of cryptocurrencies outside the top 10. This segment has reportedly formed a classic “cup and handle” pattern on its monthly chart. Currently, it is testing a crucial resistance level of $370 billion. A breakout above this threshold could trigger a remarkable 317% rally, potentially pushing the total cap to $1.6 trillion. Such a move would signify the onset of what many are calling a “robust altcoin season,” where lesser-known cryptocurrencies could see substantial gains. Several key milestones from 2024 are expected to drive this anticipated growth. Bitcoin’s Halving event, which historically leads to supply constraints, is poised to play a critical role. Additionally, anticipated approvals for exchange-traded funds (ETFs) for coins such as XRP, Litecoin or Solana could further legitimize Bitcoin and other cryptocurrencies in the eyes of mainstream investors, according to the report. Related Reading: Historical Data Shows What To Expect From Ethereum Price In Q1 2025 – It’s Very Bullish CoinGecko further points to political factors, such as pro-digital asset policies from influential figures like President-elect Donald Trump, may also create a conducive environment for growth. As cryptocurrencies begin to integrate more deeply into economic frameworks, their adoption is likely to rise. At the time of writing, the total crypto market capitalization stands at $3.22 trillion. Bitcoin, trading at $94,456, recorded losses of 1.8% and 3% on the 24 and seven day time frames, respectively. Featured image from DALL-E, chart from TradingView.com Decrypt