Bitcoin is currently trading around $110,000, according to data from TradingView. The price remains below the all-time high of $126,200 reached in the first week of October. Since then, the market has been undergoing a correction that has lasted almost an entire month.

Analysis of possible development until the end of the year

On October 10, there was a massive liquidation of approximately $900 billion from the entire crypto market, which was linked to tensions between the U.S. and China. Although geopolitical tensions have since eased and both economies have found common ground, Bitcoin is still recovering from the effects of the correction. The nearest support levels are between $103,000 – $106,000 and $93,000 – $99,000. In case of a decline, it is likely that a market bottom could form at one of these levels.

The question remains whether Bitcoin can reach a new all-time high before the end of 2025. It is possible, as BTC can increase by tens of percent in a short period. That’s exactly what happened a year ago, when the price surged from $60,000 to $100,000 almost instantly.

The current cycle, however, is in its final phase. The last halving took place in April 2024, and roughly 500 days have passed since then. In previous cycles, this period usually marked the market peak, but the situation may be different now. The market today is more stable thanks to ETF funds, institutional purchases, and government interventions — factors that previous cycles lacked.

Get 100 $ bonus on Binance

Bitcoin and cyclical factors

Rising BTC waves have been observed since the beginning of 2023, but their strength has been significantly weakening. Therefore, if an increase is expected, it is likely that the price will not form a substantially higher ATH than the current one. It could, for example, reach levels around $135,000 – $140,000. Investors should monitor key supports and overall market dynamics, as volatility can bring rapid trend changes that affect potential new highs.

Bitcoin in the current cycle is operating in a different environment compared to previous years. The presence of ETFs and large institutions increases market stability, which can slow down the traditionally sharp upward movements.

Historical cycles indicate significant peaks after each halving, but the current time frame and market structure may bring deviations. Therefore, a new ATH would be exceptional and would break the expected cyclical pattern. However, its achievement will depend on a combination of macroeconomic factors, institutional demand, and overall market psychology.