{"id":43559,"date":"2024-12-18T10:17:48","date_gmt":"2024-12-18T10:17:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitfinex-bitcoin-could-hit-200k-by-mid-2025-with-mild-price-corrections\/"},"modified":"2024-12-18T10:17:48","modified_gmt":"2024-12-18T10:17:48","slug":"bitfinex-bitcoin-could-hit-200k-by-mid-2025-with-mild-price-corrections","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitfinex-bitcoin-could-hit-200k-by-mid-2025-with-mild-price-corrections\/","title":{"rendered":"Bitfinex: Bitcoin could hit $200k by mid-2025 with mild price corrections"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/shutterstock_2065466195-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/shutterstock_2065466195-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/shutterstock_2065466195-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/shutterstock_2065466195-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">Bitfinex analysts believe Bitcoin could reach between $140,000 \u2013 $200,000 by mid-2025<\/li>\n<li aria-level=\"1\">\u201cConsistent buying pressure\u201d with ETFs will see future Bitcoin price correction \u201cshorter in duration\u201d<\/li>\n<li aria-level=\"1\">If Bitcoin follows the 2021 cycle, it has the potential to reach $339,000<\/li>\n<\/ul>\n<p>Bitcoin could surge to $200,000 under \u201cfavorable conditions,\u201d according to a new report from Bitfinex analysts.<\/p>\n<p>In its <a href=\"https:\/\/blog.bitfinex.com\/wp-content\/uploads\/2024\/12\/Bitfinex-Alpha-135.pdf\" target=\"_blank\" rel=\"noopener\">Bitfinex Alpha report<\/a>, published on December 16, analysts noted that <a href=\"https:\/\/coinjournal.net\/search\/bitcoin\">Bitcoin<\/a> has achieved unprecedented milestones in 2024, surpassing a $2 trillion market capitalization and reaching a <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-reaches-new-all-time-high-of-above-106000\/\">new all-time high of above $100,000<\/a>.<\/p>\n<p>The analysts added that Bitcoin exchange-traded funds (ETFs) have emerged as a dominant force, with US spot ETF inflows reaching $35.5 billion.<\/p>\n<p>\u201cLooking ahead, we believe the current run-up to over $100,000 has captured a significant portion of Bitcoin\u2019s price appreciation for this cycle,\u201d the analysts wrote. \u201cOur minimum price target for Bitcoin remains at $140,000 \u2013 $200,000 around mid-2025.\u201d<\/p>\n<h2>Bullish movement post-halving<\/h2>\n<p>Looking to 2025, the analysts believe that any corrections will \u201cremain mild, thanks to institutional inflows.\u201d They also point out that as 2024 was a <a href=\"https:\/\/coinjournal.net\/news\/post-halving-2024-market-is-pushing-bitcoins-price-not-just-trump-says-onramp-bitcoin-co-founder\/\">halving year for Bitcoin<\/a>, \u201chistorically the following year post halving has been bullish.\u201d<\/p>\n<p>\u201cIn previous cycles, once Bitcoin entered price discovery following a halving, corrections before mean reversion to new ATHs were relatively contained,\u201d the analysts wrote. \u201cIn the 2017 cycle, the maximum correction was 33.2 percent, while the 2020 cycle saw a slightly smaller correction of 27.1 percent.\u201d<\/p>\n<p>According to Bitfinex, Bitcoin\u2019s current bull cycle, which started in mid-to-late 2023, the asset\u2019s corrections have been smaller since the <a href=\"https:\/\/coinjournal.net\/news\/us-sec-approves-eleven-spot-bitcoin-etfs-as-memeinators-presale-approaches-3-5m\/\">launch of Bitcoin ETFs in January<\/a>. Analysts believe that with \u201cconsistent buying pressure,\u201d future corrections will be \u201climited and potentially shorter in duration.\u201d<\/p>\n<h2>Bitcoin at $339,000?<\/h2>\n<p>Bitfinex predicts Bitcoin\u2019s price could peak at $339,000, if it follows the pattern of the 2021 cycle; however, if it follows the 2017 cycle with diminishing returns, Bitcoin could hit around $290,000 by 2026.<\/p>\n<p>At the time of publishing, Bitcoin is trading under $104,000, according to data from CoinMarketCap. Yesterday, the crypto asset reached a new all-time high of above $108,000.<\/p>\n<p>Market sentiment has surged since President-elect <a href=\"https:\/\/coinjournal.net\/search\/donald+trump\">Donald Trump<\/a> won the US election in November. Since then, Trump has appointment several pro-crypto candidates in the run up to his administration entering the White House in January.<\/p>\n<p>Earlier this month, Trump named pro-crypto Paul Atkins as the <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-selects-pro-crypto-paul-atkins-to-be-the-next-us-sec-chair\/\">next Chair of the US Securities and Exchange Commission (SEC)<\/a>. He\u2019ll take over from current Chair Gary Gensler who\u2019s stepping down on January 20.<\/p>\n<p>Trump also has Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy leading the <a href=\"https:\/\/coinjournal.net\/news\/trump-confirms-musk-and-ramaswamy-will-lead-doge-agency-to-drive-out-wasteful-spending\/\">Department of Government Efficiency (DOGE)<\/a> to \u201cdismantle government bureaucracy.\u201d Meanwhile, David Sacks will be the <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-names-david-sacks-as-ai-and-crypto-czar\/\">lead policy advisor<\/a> on artificial intelligence and crypto.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitfinex-bitcoin-could-hit-200k-by-mid-2025-with-mild-price-corrections\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitfinex analysts believe Bitcoin could reach between $140,000 \u2013 $200,000 by mid-2025 \u201cConsistent buying pressure\u201d with ETFs will see future Bitcoin price correction \u201cshorter in duration\u201d If Bitcoin follows the 2021 cycle, it has the potential to reach $339,000 Bitcoin could [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":43560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43559"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=43559"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/43560"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=43559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=43559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=43559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}