Bitcoin rally to continue until end of 2025 — Analyst

In December 2024, Bitcoin achieved a historic milestone by surpassing the $100,000 mark, a significant event in the cryptocurrency's history. This surge occurred despite a lack of momentum in other major global assets, with Bitcoin's price increasing by 32% over the past month, while oil dropped 6.3%, the S&P 500 fell 1%, and gold declined by 1%. 

Analysts suggest that Bitcoin has entered the "euphoria stage" of its market cycle, as indicated by the Long-Term Holder Net Unrealized Profit/Loss (NUPL) metric. Quinten François, co-founder of WeRate, noted that this stage could extend Bitcoin's rally until the end of 2025, providing investors with a potential maximum of 12 months before the cycle's peak. 

Additionally, the achievement of this all-time high occurred amidst a backdrop of declining global liquidity. James Coutts, chief crypto analyst at Real Vision, observed that Bitcoin's new highs were reached despite a deteriorating liquidity environment. He suggested that if liquidity conditions worsen, the rally might be short-lived; however, if conditions improve, a temporary pullback could precede further gains. 

These developments indicate a promising outlook for Bitcoin, with the current bull rally potentially continuing through the end of 2025.