Bitcoin News Today: Bitcoin Rallies 50% More Expected Before 2025 Peak

Bitcoin has demonstrated significant strength recently, reaching as high as $123,000 before retreating to around $117,000. Analyst Merlijn The Trader suggests that despite this peak, Bitcoin's rally is far from over. He predicts that the digital asset is yet to experience its 'final act' before reaching a top.

The 4-year cycle, tied to Bitcoin halving events, has historically ushered in new bull markets. Each halving reduces block rewards for miners by half and has been followed by a market rally lasting around a year, with the top being reached one year later. Following this trend, the Bitcoin price and the broader crypto market are expected to continue rallying before topping later this year.

According to the analyst, Bitcoin is still in the middle of its price rally cycle, with the potential for further increases. The analyst's chart indicates that Bitcoin could reach around $200,000 before hitting its peak. Additionally, the analyst warns that Bitcoin is about to enter what he refers to as the “greenest stretch of them all,” suggesting another rally to all-time highs. If this forecast plays out, Bitcoin is expected to see another 50% rally before the bull market is done.

Historically, each bull cycle has seen Bitcoin rise 3x higher than its previous all-time highs. Currently, Bitcoin is still a long way from levels that have previously marked the top of previous bull markets, indicating that there is still a while before it hits its peak in 2025. The analyst forecasts another stretch of price increases, with the Bitcoin price expected to rally for another year, leaving 2025 as another year for rallying.