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As of December 21, 2024, the price of bitcoin was trading at around $98,600, reflecting a 3.4% increase from its previous close. This surge is part of a broader trend marked by major price fluctuations over the past seven days, in which bitcoin breaking below nearby support levels. Notably, bitcoin's price movement in recent days has been filled with drops below the $100,000 price level and settlements throughout the crypto industry.
Analyst predicts bitcoin price rise above $225,000 by June 2025
Among the many voices weighing in on bitcoin's future trajectory is Adrian Zduńczyk, a renowned cryptocurrency analyst, better known as crypto₿IRB. While <a target="_blank" href="https://x.com/crypto_birb/status/1870233243481739277″ rel=”nofollow”>sharing your ideas about xThe analyst noted that the current bitcoin bull run It is already 80% complete, The remaining 20% is expected to be the most exciting phase. According to Zduńczyk, this phase will take the price of bitcoin to unprecedented levels in the first half of 2025.
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Speaking of the bull run being 80% complete, the current market cycle could be said to have started in October 2023, when Applications of bitcoin Spot ETFs It triggered euphoria among cryptocurrency investors. At the time, bitcoin was trading around $26,000, but the subsequent rally saw it surpass 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 psychological threshold of $100,000 in December 2024.
As crypto₿IRB predicted, the current bull run is about 80% of the way through, with only 20% left to play out. Calculations show that bitcoin is already up about 315% since the bull run began about a year ago. However, the analyst's projection suggests that the leading cryptocurrency is poised to achieve another 110% surge from its current all-time high over the next six months. Notably, Zduńczyk has projected that bitcoin will reach an astonishing price of over $225,000 by June 2025.
Peak season will follow bitcoin peak, bear market lurks beyond 2025
Zduńczyk anticipates that a major alt-season, 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 lead to losses of between 80% and 90% due to highs in several cryptocurrencies.
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His advice to the crypto community is clear: “Make a profit and run before the end of 2025.” The analyst also hinted at a significant event scheduled for December 27, which he cryptically referred to as a “big launch,” although details have yet to be revealed at this time.
Although the crypto₿IRB prediction is bullish, pales in comparison to projections of other cryptoanalysts, and some place bitcoin's peak above $1 million in current market cycle.
Featured image created with Dall.E, chart from Tradingview.com
