Onchain data indicates a renewed accumulation phase, potentially pushing Bitcoin’s price past $150,000 by the end of 2025, analysts from Cointelegraph have reported.

Bitcoin BTC recently hit a record high of $125,700, surpassing a market capitalization of $2.5 trillion for the first time in cryptocurrency history. Analysts attribute this rally to numerous macroeconomic elements, particularly the recent shutdown of the US government—the first since 2018—which has reignited interest in Bitcoin as a store of value.

Fabian Dori of Sygnum Bank remarked, “The shutdown has renewed discussions surrounding Bitcoin’s role in wealth preservation, highlighting the interest in decentralized assets. Overall, conditions marked by loose liquidity may lead to increased attention towards digital assets.”
Translation: Fabian Dori of Sygnum Bank stated that the shutdown has triggered discussions about Bitcoin as a store of value and reflects a growing interest in decentralized assets.

Furthermore, the implications of the government shutdown on cryptocurrency markets are believed to hinge on its effect on the US Federal Reserve’s outlook concerning interest rates, according to Jake Kennis of Nansen.
Translation: Jake Kennis from Nansen suggested that the impact of the government shutdown on cryptocurrency markets would depend on how it affects the Federal Reserve’s views on interest rates.

As analysts speculate about the condition of the market, some continue to remark on the possibility of observing a market bottom, although Kennis cautions that this may be premature without observing lasting stability above significant support levels.
Translation: Some analysts think the market might be at a low point, but Kennis believes it might be too early to conclude without seeing consistent stability above important support levels.

With onchain analytics suggesting decreasing selling pressure from larger holders, analysts predict the onset of a new accumulation phase. These signals have historically preceded significant upward movements in Bitcoin’s price.
Translation: Indicators from onchain data reveal that large holders are selling less, hinting at a potential new accumulation phase that often leads to price increases.

Analysts like Charles Edwards also project that Bitcoin could reach $150,000 in early 2025 if it maintains momentum above the key psychological mark of $120,000.