Bitcoin's Bull Run: $77K Drop Still Bullish, $160K-$180K by 2025

Bitcoin's price has been a topic of discussion among analysts and investors, with some suggesting that the cryptocurrency could drop to $77,000 and still remain in a bull market. CryptoQuant CEO Ki Young Ju has argued that a 30% decline from Bitcoin's all-time high would align with historical trends and keep the bull cycle intact. He believes that even with a significant pullback, the overall uptrend would continue, and higher price levels are likely to materialize throughout 2025.

Ju pointed out that key support levels around $89,000 and $85,000 remain strong, and on-chain data indicates that a major breakout is imminent, similar to the volatility patterns seen in August 2023. Industry experts, including Samson Mow, have raised concerns about potential market manipulation, as Bitcoin's price has been trading in a tight range despite strong institutional demand. Despite short-term uncertainty, analysts expect BTC to reach between $160,000 and $180,000 in 2025.

CryptoQuant's analysis also suggests that Bitcoin's post-halving rally is "unfinished," with gains since last April's block subsidy halving event being modest at just 60%. Historically, Bitcoin has seen impressive price increases in the quarters after halvings, and analysts expect a pattern similar to previous cycles, where a potential market dip in May is followed by a quiet summer and a resurgence in the fourth quarter. Positive seasonality in Q4 has been a recurring trend in years like 2013, 2016, 2017, 2020, 2021, 2023, and 2024, making a deeper correction unlikely in the near term.

Bitcoin's price action is showing signs of a shakeup, as on-chain analytics suggest a return to volatility similar to August 2023. CryptoQuant research indicates that BTC/USD is "ready" for a major move, with extreme levels of choppiness signaling the need for a breakout. The Choppiness Index, which currently stands at 62 on the daily chart and 72 on the weekly, indicates that Bitcoin is overdue for a decisive move in either direction. The 90-day range that BTC has been