This article is available in Spanish.
The market is recovering from the year-end bleed that dragged most cryptocurrencies, including Bitcoin (BTC), to monthly lows. As the flagship crypto retests key levels, a number of analysts shared their predictions for the 2025 bull market and BTC’s performance.
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Bitcoin correction almost over?
Over the past three days, Bitcoin has slowly climbed back to the $96,000 level, briefly trading around $98,000 on Thursday afternoon. Last week, the flagship crypto lost this key range and failed to regain it for six days. This zone has acted as a crucial jumping point since mid-November.
However, the recovery around New Year’s saw the price of BTC rise by almost 5%, with Bitcoin trading above $96,000 over the past day. Some crypto analysts previously suggested that regaining the $97,300 support zone is crucial to reversing BTC’s bearish trend in the short term. This level was retested yesterday for the first time in more than a week, but did not hold.
Nevertheless, says crypto analyst Rekt Capital noted that week 9 of the “Parabolic Upside Phase” after the halving is “slowly coming to an end,” indicating that BTC’s correction will likely be over soon. The analyst explained that after each halving event, Bitcoin enters a parabolic period that lasts approximately 300 days each cycle.
Historically, BTC records its first major retrace a month after entering price discovery mode. The first “Price Discovery Correction” starts between weeks 6 and 8 of each parabolic phase and has a pullback of at least 25%.
This cycle, Bitcoin’s return, started in week 7 and saw a 15% correction, which some analysts believe is due to the trend of smaller corrections. Rekt Capital stated that “once Bitcoin has completed its historically corrective weeks,” the flagship crypto will provide plenty of reasons to be optimistic.
So does the analyst pointed out that BTC’s peak will likely come this year, followed by the “first beginning of a whole new bear market.” However, he explained that the bulk of the bear market will occur next year, “last about 365+ days and will be between -65% and -80% deep.”
BTC performs well in Q1
Daan crypto trading marked that Bitcoin “has been chopping around the $100,000 level for six weeks now, we have built up a good amount of liquidity in this area.” He added that from the $100,000 mark and above, “there should be enough fuel for this to rise even further.”
Moreover, the trader noted that BTC “is trading around the high volume node. This means that most volume was traded between these prices. In general, price moves more easily when it can break away from an area of such high volume. The 4H 200MA monitors that breaking at the top. The 4H 200EMA below provides support.”
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Daan claimed that a break above the $98,000 mark could “get the party started and start the run back to all-time highs,” while holding the $95,000 support zone in the short term.
Ultimately, he believes there will be “an interesting race between BTC and ETH” this quarter, as market performance during the first quarter is typically “quite positive.” Based on this historical performance, the trader expects the leading cryptocurrencies to perform well throughout the beginning of the year.
At the time of writing, Bitcoin is trading at $97,071, up 1% on the weekly time frame.
Featured image from Unsplash.com, chart from TradingView.com