Has Bitcoin Peaked? Analysts Are Divisive
Bitcoin’s bull run is slowing down, leaving crypto pundits divided on the outlook for the market. While some predict a prolonged bear market and stagnant prices, others believe the rally still has room to run.
Metrics Signal Bearish Outlook
CryptoQuant CEO Ki Young Ju believes that Bitcoin’s bull run is over, predicting a decline that could last up to 12 months. He warns that on-chain metrics point to a bear market as liquidity dries up and “whales” sell Bitcoin at lower prices.
Weak Demand and Declining Accumulation
On-chain analytics firm Glassnode reports that Bitcoin’s fundamentals are weakening. Since its second attempt to break above $105,000 in late January, demand has declined and accumulation has been lackluster. The lack of buying on dips suggests that market sentiment is shifting toward risk aversion and capital preservation.
Bitcoin Holds Steady Ahead of FOMC Meeting
Bitcoin has been holding around the $82,000 support level for a week, with a small 1.3% move, showing no signs of a major move ahead of the Federal Open Market Committee (FOMC) meeting. Market expectations are high that the Federal Reserve will keep interest rates unchanged at a range of 4.25% to 4.50%.
Bitcoin Price Predictions from Experts
Bitcoin price predictions for 2025 vary significantly among experts. Standard Chartered Bank predicts that Bitcoin could hit $200,000 by 2025. Tom Lee, co-founder of Fundstrat Global Advisors, predicts that Bitcoin will rise to $250,000 in the next 12 months. Meanwhile, Ark Invest CEO Cathie Wood has made an ambitious prediction that Bitcoin will hit $1.5 million by 2030.
However, some other experts are more cautious. For example, VanEck’s forecast suggests that Bitcoin could reach a peak of $180,000 by 2025, but also warns of significant price volatility.
Currently, Bitcoin is hovering around $82,000, down from its recent all-time high.
Conclusion
The outlook for Bitcoin is currently controversial among experts. While some predict a decline and a prolonged bear market, others remain optimistic about its future growth potential. Investors should carefully consider and closely monitor market developments before making an investment decision.