Bitfinex Predicts Bitcoin Will Skyrocket to $200K by Mid-2025

Bitfinex analysts predict that Bitcoin could surge to $200k by mid-2025. This prediction follows a year packed with historic milestones, including the first-ever spot crypto ETF’s launch.

Analysts published a report on Monday stating that 2024’s halving year signals a historically bullish trend in the following year.

They added that consistent buying support from ETFs and institutional investors will likely keep corrections relatively small in the current Bitcoin bull cycle.

Bitfinex Predicts Bitcoin Could Peak at $200K Post-Halving, Despite 2025 Volatility

“The current bull market reflects strong institutional demand, led by ETFs and spot accumulation,” analysts said. “Historical data suggests we are mid-cycle, following the April 2024 halving, with the market likely to peak around Q3-Q4 2025, approximately 450 days post-halving. Historically, post-halving years have seen the strongest rallies.”

“Looking ahead, we believe the current run-up to over $100,000 has captured a significant portion of Bitcoinʼs price appreciation for this cycle. Our minimum price target for Bitcoin remains at $140,000 – $200,000 around mid-2025.”

Analysts expect volatility in early 2025 but believe the overall trend points to continued price growth. This outlook is driven by ETF support, institutional adoption and Bitcoin’s rising status as a global asset. However, they advised investors to watch for overbought signals as Bitcoin nears its cycle peak.

Bitfinex Sees $339K Peak Amid Rising Market Enthusiasm

If Bitcoin mirrors the 2021 cycle, Bitfinex predicts a peak near $339,000. In a 2017-like scenario with diminishing returns, it could reach $290,000 by early 2026.

Bitcoin last traded at about $106,567, marking a 17% increase over the last month. Market enthusiasm surged when Trump recently suggested the idea of a Bitcoin reserve, likening it to the US Strategic Petroleum Reserve. “We’re gonna do something great with crypto,” Trump said.

Investor sentiment has also been lifted by MicroStrategy’s upcoming addition to the Nasdaq-100, which could draw more institutional investments.

The bullish trend is set to extend into 2025, with technical factors like the halving’s impact and the influx of institutional money continuing to bolster the digital asset market.

The post Bitfinex Predicts Bitcoin Will Skyrocket to $200K by Mid-2025 appeared first on Cryptonews.