The mixed-price behavior seen across the crypto market over the past few days has heightened curiosity about whether the bull market in 2025 has ended.
While hopes that Bitcoin will reach a new all-time high appear to be waning, recent data from GlassNode suggests that it is still possible in 2025.
The data shows that Bitcoin has formed a critical cycle that closely resembles the previous Bull cycle following recent market movements.
Bitcoin could exceed $124,457 this year
Analysts cited two bullish patterns formed by world-leading cryptocurrencies by market capitalization in 2017 and 2021. During these periods, Bitcoin moved in a similar direction, reaching its all-time high two to three months ago in the imitation cycle.
It is not common for history to repeat itself with trends in crypto markets, but it often hampers the important time context that investors provide to help them observe the market closely. This allows investors to predict potential price actions amid uncertainty about whether the currently formed patterns mimic the major price breakouts projected by previous cycles.
This also helps you decide on the necessary precautions to avoid the possibility of loss.
The analysis occurs during a period when the market continues to decline amid increasing profit-making activity and a marked increase in speculative trading, as well as trends observed in the market situation cited.
Nevertheless, as history repeats, Bitcoin could potentially hit a new all-time high in 2025, as data provided by CoinmarketCap shows that it is only 10.55% away from hitting a new all-time high beyond the previous 124,457 records achieved on August 13th.
Furthermore, data shows that assets are trading negatively today, indicating a 2.07% decrease in price on the last day. Following this slow price action, Bitcoin is trading at $112,035 as of press time.
Bitcoin has been on an intraday high of $114,853 over the last 24 hours, but also at a low of $110,604 on the same day. The rapid decline in its prices in a few hours indicates a massive profit-taking activity from holders.
In particular, this is more evident in a massive surge of over 69% in Bitcoin trading volume, accompanied by a 2.1% decline in market capitalization over the same period.
In general, an increase in the volume of an asset, combined with its market value and the inverse trend of capitalization, is the path to increased sales activity.
Nevertheless, large investors like Strategy show resilience with ongoing shopping, regardless of what the market is saying.
