Originally published on: December 07, 2024
Bitcoin has made history by surpassing the $100,000 milestone, defying market expectations with its impressive performance. While other major global assets have struggled in recent times, Bitcoin has seen a remarkable 32% surge in price over the past month.
This surge has led analysts to believe that Bitcoin’s current bull rally will continue until the end of 2025, entering what is known as the “euphoria stage” among crypto traders. This positive outlook is supported by key metrics such as the long-term holder net unrealized profit/loss (NUPL).
The NUPL metric indicates that Bitcoin is currently in a state of profit, which could propel its rally further in the coming years. Experts like Quinten François from WeRate are optimistic about Bitcoin’s future based on these indicators.
Despite global liquidity challenges, Bitcoin has managed to reach an all-time high, signaling a strong trajectory ahead. Analysts like James Coutts from Real Vision suggest that Bitcoin may experience a short-term correction before continuing its upward trend.
With a potential “local top” above $110,000 predicted by Jan. 2025, Bitcoin investors have a lot to look forward to in the coming years. As Bitcoin continues to break records, the crypto landscape is poised for exciting developments ahead.
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