Reports from market analytics platforms Glassnode and CryptoQuant suggest that Bitcoin still has room for substantial growth. Glassnode's report shows that Bitcoin's current trend mirrors historical patterns, particularly the 2015-2018 cycle, and that Bitcoin's current cycle has achieved a 630% increase compared to a 562% increase at the same stage in the 2015-2018 cycle. This indicates that if the current cycle were to follow a similar trajectory, Bitcoin could potentially see further significant growth. CryptoQuant's analysis supports this idea and predicts a target range of $145,000 to $249,000 for Bitcoin in 2025 based on capital inflows and the realized cap multiplier. However, there are potential risks to consider, such as rising unemployment rates in the United States. As of now, Bitcoin is trading at $104,637, down 2.82% in the past 24 hours.



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