Bitcoin price could peak at $220K by March 2025

Bitcoin (CRYPTO:BTC) has seen substantial growth in 2024, with its price surging approximately 150% and reaching an all-time high of over $108,000 on December 17.

Trading at around $104,600, BTC’s bull run has sparked varying predictions among analysts regarding its future trajectory.

Crypto analyst Ali Martinez predicts that BTC’s bull market may conclude by March 2025, with a potential peak of $220,000.

“If Bitcoin behaves like in 2017 and 2020, then there will be a brief correction after reaching $110,000, a steep correction after hitting $125,000, a big correction at $150,000, and the end of the bull market at $220,000,” Martinez warned, citing historical patterns from 2017 and 2020.

Conversely, Bitfinex analysts suggest that the bull run may extend into late 2025, driven by factors such as institutional adoption, the increasing prominence of Bitcoin as a global asset, and the success of spot Bitcoin ETFs.

These ETFs, holding over 1.13 BTC collectively, have played a significant role in bolstering market sentiment.

Bitfinex research envisions BTC climbing as high as $339,000 by the second half of 2025.

They emphasise that while Q1 2025 may bring volatility, the broader trend remains bullish.

However, they caution investors to watch for overbought conditions as Bitcoin approaches its potential cycle top.

At the time of reporting, the price of Bitcoin (BTC) was $100,582.