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  • 13 Nov 24

Bitcoin Expected to Rise for Another 200 Days — Report

Analysts at Copper.co believe that within the current rally, Bitcoin’s price may not peak until late May 2025.

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Analysts at Copper.co believe that within the current rally, Bitcoin’s price may not peak until late May 2025. According to experts, this prediction is based on historical market cycle data, which typically lasts around 756 days. It is estimated that 554 days have passed since the last low, leaving approximately 200 days until the projected peak.

What Could Go Wrong and Short-Term Dynamics

The company’s forecast aligns with expectations of a potential U.S. recession. According to JPMorgan, the likelihood of an economic downturn in the second half of 2025 is 45%. Copper’s analysts note that Bitcoin has historically demonstrated resilience during periods of economic turmoil. However, this time, investor sentiment may influence the market differently.

Bitcoin AVG Yearly Market Cap Growth VS Realized Market Cap (RH-AXIS). Source: Copper.co
Bitcoin AVG Yearly Market Cap Growth VS Realized Market Cap (RH-AXIS). Source: Copper.co

For now, Bitcoin continues its upward trend. Technical indicators, including the Relative Strength Index (RSI), point to sustained growth. Over the past day, the asset has risen by 4.41% to $89,700, surpassing the psychological mark of $90,000 a week into the rally.

Bitcoin price to RSI. Source: Copper.co
Bitcoin price to RSI. Source: Copper.co

The report also highlights that long-term holders are continuing to accumulate digital assets, creating conditions for significant market movements. However, future investor behavior will be a critical factor.

Analysts believe that the coming months will be decisive for Bitcoin. Current dynamics and technical indicators suggest the rally may continue, though the market remains vulnerable to external economic factors.

For more details see the full report.

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