According to a report from Copper Research, Bitcoin could continue its bullish momentum until mid-2025. The report suggests that the current market cycle, which began around mid-2023 when BlackRock filed for a BTC exchange-traded fund, could see a price peak for Bitcoin within the next 200 days, potentially aligning with a forecasted US recession in mid-2025. The report also highlights BTC's realized volatility and filtered relative strength index (RSI) as positive indicators for its price trajectory. Additionally, the rise in the total crypto market cap, largely driven by BTC, has surpassed $3 trillion for the first time since November 2021, solidifying BTC as the 8th largest global asset by market cap. The report concludes by noting that a fall in BTC dominance could indicate a capital rotation from BTC into altcoins, benefiting smaller-cap digital assets. Currently, BTC trades at $87,767 with a total market cap of $1.738 trillion.



Other News from Today