Bitcoin has moved above the $100K mark, showing strength and fueling optimism among traders as the market enters 2025. This surge has strengthened BTC’s outlook for the first quarter, with many expecting further gains. However, in the midst of this enthusiasm, a low cautious voice persists. Analysts and investors debate the trajectory of this bull cycle, with some predicting a short rally due to continued macroeconomic uncertainty.
Adding depth to the discussion, CryptoQuant CEO Ki Young Ju recently shared some interesting details, suggesting that this Bitcoin bull cycle may defy expectations by being the longest in history. Ju’s analysis underscores Bitcoin’s resilience and highlights the dynamic dynamics in market participation and adoption that could extend the cycle.
While the broader market grappled with potential risks, Bitcoin’s push above the psychological barrier of $100K brought excitement back, setting the stage for what could be a volatile year for the leading cryptocurrency. As Q1 continues, all eyes are on BTC to see if it can maintain its upward momentum and challenge the predictions of skeptics about the longevity of this cycle.
Bitcoin Prepares for a Monster Rally
Bitcoin is setting the stage for a significant rally after regaining the $100K mark and establishing a new high on the 4-hour time frame. While some analysts are predicting a potential top at the $108,300 level, on-chain data and expert insights suggest the extended bullish trend may continue.
CryptoQuant analyst Axel Adler highlights an important detail: the recent outflows from US Bitcoin ETFs seen since December 20 may be a temporary, holiday-related anomaly rather than a significant change in investor sentiment. This view eases concerns about weak institutional interest, underscoring the idea that BTC’s upward momentum is not changing.
Adding to the optimism, CryptoQuant CEO Ki Young Ju suggested that this Bitcoin bull cycle may be the longest ever. He attributes this potential longevity to the gradual influx of new funding sources and the promise of additional capital waiting to be unlocked. This continuous injection of funds has historically encouraged the continued growth of BTC, creating a fertile ground for price increases.
As BTC consolidates its position above $100K, these bullish signals indicate a market destined for continued gains. Investors are now watching closely to see if BTC can overcome near-term resistance and extend its upward trajectory.
Viewing the Movement Above ATH
Bitcoin is trading at $100,800 after a decision came out that pushed the price to a high of $102,760. This move reinforced BTC’s long-term bullish structure, indicating its strength and potential for further gains. The current retest of the $100K level is important to maintain momentum as the bulls look to gather the fuel needed to drive BTC past its highs.
This retest serves as a critical condition for BTC, as holding above $100K will confirm the strength of the bullish trend and BTC’s position for a major rally. Investors and traders closely monitor this level, recognizing its psychological and technical significance. Breaking through this consolidation zone could pave the way for BTC to target new highs with more certainty.
However, if BTC fails to hold the $100K level as support, it risks entering a long-term consolidation phase. Such a situation can dampen short-term excitement and turn market sentiment into caution. Maintaining control above this key level is essential for the bulls to consolidate their dominance and set the stage for the next leg of the bull market.
Featured image from Dall-E, chart from TradingView