Bitcoin rally to continue until end of 2025 — Analyst
Bitcoin surpassed the $100,000 milestone on December 6, marking a significant moment in cryptocurrency history. This increase occurred despite a decline in major global assets, with Bitcoin rising 32% over the past month while oil, the S&P 500, and gold experienced declines. Analysts predict that Bitcoin's current bull rally may continue until the end of 2025, entering what is termed the "euphoria stage." The long-term holder net unrealized profit/loss (NUPL) metric indicates that Bitcoin holders are generally in a state of profit. Despite deteriorating global liquidity, Bitcoin reached this all-time high, suggesting a potential local top above $110,000 by January 2025. The future trajectory of Bitcoin may depend on global liquidity conditions.
