With the current bull cycle possibly on its last legs, many crypto experts are optimistic that the leading cryptocurrency will attain never-before-seen heights before the end of the year.
Blockchain analytics platform CryptoQuant revealed in its latest research that Bitcoin (BTC) could soar to a peak between $145,000 and $249,000. While stressing that institutional adoption will drive the surge, the research enlisted three significant factors that will fuel the rally.
3 Factors to Propel Bitcoin’s Surge
Over the past year, wallet addresses holding between 100 BTC and 1,000 BTC significantly increased their BTC holdings from $100 billion to $227 billion. The United States-approved Bitcoin exchange-traded fund (ETF) and mass adoption of BTC by various institutions contributed to this surge. The adoption fueled BTC’s price surge to a peak of $108,100.
Believing that this year’s market performance will be even brighter than last year’s, CryptoQuant highlighted three factors that can propel the asset’s surge. One is Donald Trump’s incoming enthronement. His promises to make America a crypto hub by implementing digital asset-oriented policies and appointing industry-friendly regulators may fuel BTC’s price growth.
Another factor that can cause BTC’s price to surge is the expected Federal Reserve interest rate reduction. CryptoQuant’s research suggests this “could provide a favorable environment for capital to flow into risk assets like Bitcoin.”
Finally, CryptoQuant stressed that since 2025 is the final year in the ongoing four-year bull cycle, BTC will see meteoric growth. Historically, the leading crypto asset often sees a massive price pump in the final year of the cycle. As a result, CryptoQuant projects as much as $520 billion to enter the BTC market this year.
BTC Trades Around $97K
It remains to be seen how high BTC’s price can go. As of this writing, the apex cryptocurrency is trading at over $102,000. The asset jumped into six-digit territory after the latest CPI numbers, which was somewhat unexpected as it had dumped to under $90,000 just two days prior.
Nevertheless, its current price level represents a 5.5% decrease from BTC’s all-time high of $108,100. Still, many, like CryptoQuant, expect a bullish bitcoin price pump.
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