The Bitcoin bull market will peak in Q3–Q4 of 2025, with a target price of $200,000 under favorable conditions, according to analysts at Bitfinex.

As 2024 wraps up, our last Bitfinex Alpha looks forward to 2025 👀

We see $BTC continuing to climb but there will be volatility along the way before a peak is reached in Q3-Q4 2025 🙌
🧵https://t.co/BdEfpgVWGZ pic.twitter.com/V5YgxlbwFT
— Bitfinex (@bitfinex) December 16, 2024

They noted that several indicators signal the continuation of the rally, which remains far from reaching “euphoric” levels.

Key trends and expectations for the upcoming year include:

Bitcoin corrections will be moderate due to institutional inflows into ETFs and spot markets.
The April halving effect — historically, the bull phase peaks around 450 days after the block reward is reduced.
A minimum target price of $145,000 is expected by mid-2025.

“Investors should remain vigilant for signs of overbought conditions as Bitcoin approaches the peak of its cycle,” Bitfinex experts cautioned.

They believe favorable macroeconomic indicators in the U.S. will primarily drive Bitcoin’s growth.

However, inflation in the U.S. remains steady at 3.3%, above the target level of 2%, which is why analysts expect a “cautious reduction” in the Federal Reserve’s key interest rate.

“Overall, 2025 presents a cautiously optimistic economic environment marked by steady growth, persistent structural challenges, and strategic policy adjustments,” the exchange’s experts concluded.

Notably, Bitwise also set a $200,000 target for Bitcoin next year.

VanEck provided a more conservative prediction of $180,000, while analysts at Matrixport suggested a figure of $160,000.