TL;DR

• Bitcoin (BTC) soared over 100% in 2024, peaking at $108,000, with analysts predicting new highs of $120K to $340K or even $1 million in 2025.
• Exchange reserves have dropped to 2018 levels, signaling reduced selling pressure and increasing optimism for further BTC gains.

Gearing up for Another Successful Year?

Bitcoin (BTC) became the talk of the town in 2024, with its price charting a triple-digit rally in the past 12 months. The real bull run started shortly after Donald Trump won the US elections at the beginning of November. Recall that BTC was trading at around $68,000 before the voting, while less than six weeks later, it shot to a new all-time high of over $108,000.

The end of December offered a substantial correction, suppressing the asset’s valuation to under $92K. However, BTC started the new year on the right foot, climbing to as high as $96,700 (as of this writing). Numerous market observers believe the resurgence is just the beginning of another rally that could last throughout 2025.

Crypto Rover and Doctor Profit were among those weighing in. The former speculated that BTC might hit a new ATH of $120,000 during the first three months of the year. 

Doctor Profit