Crypto Market Struggles, But No Need to Panic as Bitcoin Will Regain Momentum

As we near the close of 2024, anticipation is building for a significant Bitcoin (BTC) rally in the upcoming year.

Despite the ongoing market correction, which saw Bitcoin dropping below $100,000, investor optimism remains high with high expextations for next year.

Analysts from Bitfinex have raised expectations for the cryptocurrency, projecting that Bitcoin could hit $200,000 by mid-2025. According to their analysis, a major catalyst for this potential surge is the growing institutional adoption of Bitcoin, which is expected to ramp up throughout 2025, creating substantial upward pressure on the asset’s price.

The experts foresee that any dips in Bitcoin’s value will be brief and relatively mild, thanks to the ongoing institutional interest. The first quarter of 2025 could see some volatility, but the long-term outlook remains bullish. They predict a mid-2025 price of around $145,000, with the possibility of a high of $200,000, depending on market conditions.

Bitfinex analysts also considered other scenarios in their forecast. If Bitcoin follows a trajectory similar to its 2021 cycle, with a 40% rise above its moving averages, it could reach an astonishing $339,000 this time around.

However, a repeat of the 2017 cycle, characterized by a more significant downturn in BTC’s performance, could see Bitcoin peak closer to $290,000 in early 2026—although this scenario is considered less likely.