Bitcoin’s Institutional Investment-Driven 2024 Bull Run May Extend into Q3 2025

• The 2024 bull run for Bitcoin is largely supported by institutional investments and is predicted to last until the third quarter of 2025.
• Despite a recent Bitcoin correction, the cryptocurrency’s bull run may continue for another year.
• A report by Bybit and BlockScholes, shared with Cointelegraph, indicates that based on the current dip-to-peak ratio, Bitcoin’s price could continue to rise for another 350 days.

Discover the prospects of the Bitcoin bull run driven by institutional investments and market dynamics, extending well into 2025.

Bitcoin’s Institutional Investment-Driven Bull Run

Bitcoin’s 2024 bull run is largely supported by institutional investments, a critical factor that could drive the next price surge. Analysts emphasize that institutional backing may significantly impact Bitcoin’s price sustainability, paving the way for a prolonged upward trend. Historic data suggests that such support could be integral to pushing Bitcoin to new heights, potentially extending the bull run until the third quarter of 2025.

The Impact of Recent Corrections on Bitcoin’s Trajectory

Even though Bitcoin recently experienced a correction, market experts maintain optimism about its long-term prospects. According to a report from Bybit and BlockScholes, Bitcoin’s historical dip-to-peak ratios indicate the potential for prolonged bullish activity. The report highlights that despite short-term volatility, the broader trend remains favorable for further price appreciation.

Analyzing Historical Bitcoin Cycles

Historically, Bitcoin’s market cycles reveal a pattern where significant price increases follow cyclical corrections. Currently, Bitcoin is attempting to recover from a substantial market sell-off of approximately $510 billion. However, historical trends suggest that recovery and subsequent growth are possible, with Bitcoin potentially reaching $100,000 by late 2024. This optimistic prediction is rooted in previous halving cycles, whereby halving events typically trigger considerable price surges approximately 12 to 18 months post-event.

The Progression of Bitcoin’s Bull Cycle

Nathan Thompson, Chief Technology Writer at Bybit, asserts that Bitcoin is in the second stage of its bull cycle. According to Thompson, historical data shows that Bitcoin’s price reaching previous cycle highs usually precedes new, unprecedented price levels. Industry analysts, including Rekt Capital, concur with this view, pointing out that Bitcoin has completed approximately 42.5% of its current bull cycle. Their analysis provides a framework for understanding the potential for continued growth and market behavior.

Conclusion

The cryptocurrency landscape is poised for compelling developments as Bitcoin’s bull run, supported by institutional investment, progresses. Analyzing historical cycles and considering recent market corrections, analysts forecast that this bull market may extend well into 2025. With Bitcoin striving to regain its growth path post-correction, the potential for notable price milestones, such as reaching $100,000, remains viable. Investors and market watchers should stay attuned to these dynamics, as they will play a significant role in shaping Bitcoin’s market trajectory going forward.