Bitcoin Expected to Surge Over 70 Days to New Highs in 2025
The largest cryptocurrency is poised to follow the trajectory of 2017, when it reached record highs on 77 different days.
What You Should Know:
- Bitcoin’s price this year seems to reflect the path it took in 2017.
- In 2017, it achieved milestones on 77 separate occasions.
- Unlike traditional assets, a rise in Bitcoin’s all-time highs typically signals a market considered overheated.
Bitcoin (BTC), holding the title of the largest cryptocurrency by market cap, is projected to set new records for over 70 days in 2025, well above last year’s performance.
It has already commenced this journey, reaching $109,000 on January 20, coinciding with the inauguration of President Donald Trump. Last year, Bitcoin achieved new records 23 times, the highest since 2017. The current year is showing a pattern reminiscent of eight years ago.
Market Reactions: In cryptocurrency markets, setting new records often results in a perception of over-exuberance, inciting a notion that the market is overpriced. In contrast, traditional financial assets typically continue to thrive once they establish new highs. Gold recorded new highs upwards of 33 times in 2024.
Bitcoin ATH per year
Bitcoin ATH per year: (Source: Glassnode)
