With the current bull cycle likely to be on its last legs, many cryptocurrency experts are optimistic that the leading cryptocurrency will achieve unprecedented highs before the end of the year.
Blockchain analytics platform CryptoQuant revealed in its latest research that Bitcoin (BTC) could rise to a peak between $145,000 and $249,000. While the research emphasized that institutional adoption would lead to this rise, the research listed three important factors that would fuel this rise.
3 factors driving Bitcoin’s rise
Over the past year, wallet addresses holding between 100 BTC and 1,000 BTC have dramatically increased their BTC holdings from $100 billion to $227 billion. Approved by the United States Bitcoin ETF (ETF) and the mass adoption of BTC by various institutions have contributed to this increase. This adoption sent Bitcoin prices to a peak of $108,100.
Believing that the market performance this year will be brighter than last year, CryptoQuant highlighted three factors that could drive the asset’s rally. The first is the enthronement of the next Donald Trump to the throne. His promises to Making America a Cryptocurrency Hub By implementing digital asset-oriented policies and appointing industry-friendly regulatory bodies may lead to increased BTC price growth.
Another factor that could cause the price of BTC to rise is expectations Federal Reserve interest rate reduction. CryptoQuant research notes that this “could provide a favorable environment for capital flow into risky assets such as Bitcoin.”
Finally, CryptoQuant has confirmed that since 2025 is the last year in… The continuous four-year cycle of TaurusBTC will experience rapid growth. Historically, leading crypto assets often experience a massive price surge in the final year of the cycle. As a result, CryptoQuant expects up to $520 billion to enter the BTC market this year.
BTC is trading at around $97k
It remains to be seen how far the price of BTC can rise. As of this writing, the flagship cryptocurrency is trading at over $102,000. The asset jumped into six-figure territory after the latest CPI numbers, which was somewhat unexpected as it fell below $90,000 just two days ago.
However, the current price level represents a 5.5% decline from Bitcoin’s all-time high of $108,100. However, many, like CryptoQuant, are predicting a significant rise in Bitcoin prices.
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