TL;DR Bitcoin (BTC) surpassed $108,000 on December 17, with predictions of a possible $220,000 peak by March 2025. Bitfinex analysts foresee the bull run lasting until late 2025, with the price potentially hitting $339,000. Just a Few More Months? 2024 (so far) has been more than successful for Bitcoin (BTC), whose price has exploded by approximately 150%. Although BTC was going relatively strong at the start of the year, the actual resurgence seems to have started shortly after Donald Trump (who presented himself as the right choice for pro-crypto voters) won the presidential elections in America. Before the voting on November 5, BTC was trading at around $67,000, while approximately a month later, it surpassed the $100,000 psychological level. Earlier this week, the asset hit a new all-time high of over $108,000. In the past several hours, it experienced a correction and is now trading at around $104,600 (per CoinGecko’s data). BTC Price, Source: CoinGecko Numerous analysts suggest there is much more room for growth, while others believe the bull run will not last long . The X user Ali Martinez , for instance, predicted that BTC could climb to as high as $220,000 in March next year, which could mark the end of the bull market. He based the forecast on the asset’s historical performance in 2017 and 2020. Martinez also assumed that the ride to the aforementioned peak might be a bumpy one: “If Bitcoin behaves like in 2017 and 2020, then there will be a brief correction after reaching $110,000, a steep correction after hitting $125,000, a big correction at $150,000, and the end of the bull market at $220,000.” Still Away From the Euphoria Zone? Contrary to the aforementioned prediction , analysts at the crypto exchange Bitfinex think the asset has not yet reached “euphoric peaks.” According to them, the crypto market might be in the middle of the bull run, with its cycle top expected in the second half of 2025. The analysts envisioned a BTC price rally to as high as $339,000, fueled partially by the success of spot Bitcoin ETFs. The financial products “have emerged as a dominant force” and hold over 1.13 BTC. “While volatility is expected in Q1 2025, the broader trend points to further price appreciation, supported by ETFs, institutional adoption, and Bitcoin’s increasing prominence as a global asset. Investors should, however, remain vigilant for signs of overbought conditions as Bitcoin approaches its cycle top,” the research reads. The post The Bitcoin (BTC) Bull Run Could End Sooner Than You Think: Analyst appeared first on CryptoPotato .
Crypto Potato
You can visit the page to read the article.
Source: Crypto Potato
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Silencio Network Secures an Additional $2.5 Million in Seed Funding to Scale the World’s Leading Noise Intelligence Platform
Wilmington, Delaware, December 18th, 2024, Chainwire Silencio Network, the world’s largest decentralized environmental intelligence platform, has successfully closed a $2.5 million Seed funding round, solidifying its position as the leading innovator in decentralized infrastructure. Led by Blockchange Ventures, this round brings together continued support from Borderless Capital and Master Ventures, alongside new strategic backers such Crypto Potato
SUI And AAVE Exhibit Shocking Gains In Market Rebound As Investors Position For Higher Trends On IntelMarkets (INTL)
As the crypto market rebounds, SUI and AAVE have both made significant strides, showing remarkable gains and capturing the attention of investors. Both tokens recently hit new highs driven by key developments. However, despite their impressive gains, a new contender, IntelMarkets (INTL), is emerging in the space. With its public presale raising over $4.8 million and predictions of a 100x price increase post-launch, IntelMarkets is positioning itself to revolutionize the world of crypto trading. This article discusses the impressive market movements of SUI and AAVE while highlighting how IntelMarkets is carving its path in the DeFi space! SUI Soars to $4.889: What’s Behind This December Price Explosion? SUI has shocked the market by reaching an all-time high of $4.889 in December 2024. The DeFi coin price has surged thanks to a series of impactful developments. Backpacks recently integrated its exchange and wallet with the Sui blockchain, driving this rally. This move boosts functionality for Sui-based projects while improving the overall user experience. Sui’s DEX ecosystem has also hit a new milestone, fueling its market momentum. Its decentralized exchange volume crossed $35 billion, showcasing the blockchain’s growing dominance. This highlights Sui’s increasing appeal to traders and developers alike. However, IntelMarkets is challenging this, having raised over $4.8 million in its ongoing public presale. Sui’s recent gains reflect its potential to reshape the DeFi landscape and sustain investor interest. Excitement continues to build as projections suggest the DeFi coin price could hit $10 in 2025. AAVE Hits $386: Upgrade Fuels the DeFi Coin Surge! Aave recently reached a new all-time high for the year, hitting $386. Several factors contributed to this remarkable rally, with the V3 upgrade of Balancer being key. The upgrade optimizes liquidity and provides new tools for developers, aiming to drive growth in trading volume. Balancer V3 introduces 100% Boosted Pools, combining Aave’s lending protocol with enhanced trading features. Aave is the leading launch partner for this innovation, signaling further growth ahead. The integration merges yield from both swaps and lending markets into a single efficient position. With this strong foundation, the DeFi coin price for Aave is projected to rise, potentially reaching $400 by 2025. However, IntelMarkets is gaining attention with predictions of a 100x price increase, challenging Aave’s dominance in the space. IntelMarkets Positions to Revolutionize Crypto Trading, Attracting Investors’ Attention IntelMarkets is making waves in the crypto trading ecosystem, offering an innovative platform that brings real-world utility to the world of DeFi. With its game-changing features and solutions, IntelMarkets has established itself as a key player in the trading market. Investors are flocking to the platform, eager to benefit from its expanding opportunities. At the heart of IntelMarkets’ appeal is its ability to operate across two blockchains, Ethereum and Solana. This structure delivers superior scalability and a wider asset range, addressing the issues of congestion and high fees typically seen in single-chain platforms. Traders can now select the blockchain that best fits their needs, ensuring that they never have to sacrifice performance for cost-effectiveness. Offering up to 1000x leverage on perpetual futures contracts, IntelMarkets allows traders to increase their exposure with minimal capital, increasing both profits and risks. However, the platform also equips traders with advanced risk management tools to ensure they can trade wisely while utilizing high leverage. Liquidity is another key area in which IntelMarkets stands out. Enhanced liquidity is at the heart of the platform, enabling seamless and rapid trades. This allows traders to carry out large transactions without concerns over price slippage, ensuring they can optimize market opportunities. The combination of these features is fueling IntelMarkets’ position as a top DeFi project to watch out for! The INTL Presale Soars: Investors Pour Over $4.8 Million! The IntelMarkets public presale is currently in Stage 8, with the token priced at $0.0732 per INTL. The project has already raised more than $4.8 million, showing investor interest. As the token progresses through its 12 presale stages, INTL is getting close to its launch price of $0.110. The price increase, however, is only the beginning. Optimism runs high, with experts anticipating a 100x price increase after launch. INTL’s impressive presale performance shows that investors are confident in IntelMarkets’ future, making it a top pick for those looking to invest in the next big thing in DeFi! Visit Intel Markets Presale Join The INTL Community Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . Crypto Potato