- Swyftx’s research identifies multiple bullish catalysts including the proposed Bitcoin Act, increasing global money supply, and potential changes to the Fed’s quantitative tightening policy.
- Despite some historical patterns suggesting a correction, the current environment differs with Trump as a crypto-friendly president and institutional adoption increasing.
- Crypto analyst PlanB remains bullish, predicting Bitcoin could reach US$160k in 2025 and potentially US$640k by 2027, suggesting we’re at the beginning of a sustained uptrend rather than entering a bear market.
With Bitcoin trading in a range of around US$85k (AU$135k) for a while now, investors are wondering what’s next for the largest crypto. Is the bull market over or is there more to come?
Related: Uber Driver to Bitcoin Millionaire – A Journey to Financial Freedom
Whereas a few years ago FTX, Terra Luna and Co. caused extreme fear in the markets, this time around the outlook is more positive.
Bitcoin and Ethereum have US spot exchange-traded funds (ETFs), and it looks like several altcoins may be getting their own funds soon.
Meanwhile, the US Securities and Exchange Commission (SEC) has dropped several high-profile cases, like the lawsuit against Ripple.
And of course, there is Donald Trump, arguably the most crypto-friendly president to date, even if his memecoin shilling and tariff threats do more harm than good.
Survey Shows Several Bullish Metrics That Could Boost Crypto Market
So, where to from here? According to a recent research report by Australian crypto exchange Swyftx, there are several potential catalysts that could mean a continuation of the bullish momentum in 2025.
In their analysis, they point toward the proposed Bitcoin Act by Wyoming Senator Cynthia Lummis, which could drive demand for Bitcoin and prompt other countries to establish their own BTC reserves.
Additionally, global money supply increasing and potentially increased spending by the US and China could see more money flowing into crypto.
A change in course by the US Federal Reserve on quantitative tightening (QT) is seen as another driver for the sector:
Historically, Bitcoin has performed strongly during periods of increased liquidity and low interest rates, as investors search for alternative assets that offer higher returns.
SwyftxBull? Bear? PlanB Says Bitcoin is Just Getting Started
And for anyone still unconvinced, crypto analyst PlanB says he’s bullish on Bitcoin’s long-term price trajectory, with the current pattern being a steady uptrend rather than the beginning of a bear market.
The fact that Bitcoin’s 200-week arithmetic and geometric means have been close together for over a year indicates reduced volatility and steady sustained uptrend, doubling from $20k to $40k in 2023 and from 40k to $80k in 2024.
PlanBPlanB says this pattern could continue with Bitcoin potentially reaching US$160k (AU$254k) in 2025, US$320k (AU$508k) in 2026, and $US640k (AU$1 million) in 2027.
Related: On The Radar – What to Watch This Week in Crypto
He added that if this scenario plays out, it would mean the end of Bitcoin’s traditional 4-year cycle earlier than he expected, “but it would fit a more mature market”.
The analyst also said that you can only have a bear market if there is a bull market. And despite the increase in BTC over the past couple of years, PlanB thinks we’re just about to get started.
Credit: Source link
