Bitfinex report: This crypto bull market is expected to peak around Q3 or Q4 of 2025

PANews reported on December 16 that Bitfinex Alpha’s latest report stated that Bitcoin has soared more than 573% from the bear market low of $15,487 in November 2022, and its price has increased by 130% so far this year. The current bull market reflects strong institutional demand, led by ETF and spot accumulation. Historical data suggests that we are in the middle of the cycle, after the April 2024 halving, and the market will likely peak around Q3 to Q4 of 2025, approximately 450 days after the halving.

Indicators such as MVRV, NUPL, and the Bull-Bear Market Cycle Indicator indicate that we are still in the bull phase, but far from the peak. The Pi cycle top and 4-year moving average model predicts a potential cycle top between $145,000 and $189,000. From a historical perspective, diminishing returns are moderating the explosive growth of BTC we have seen in previous cycles. The report believes that any adjustment in 2025 will remain moderate due to institutional fund inflows; historically, the strongest rebound occurs in the years after halving; cycle target: by mid-2025, the lowest price is estimated to be $145,000 , under favorable conditions, this price could climb to $200,000.