Glassnode co-founders Jan Happel and Yan Allemann have predicted that the worth of Bitcoin (BTC) may attain the height of the present cycle inside simply 4 or 5 weeks.
As reported by U.At present, the flagship cryptocurrency reached a brand new document excessive of $125,708 on the Bitstamp alternate.
Nonetheless, it didn’t enter a brand new value discovery stage and gave up most of its positive aspects, slipping beneath the $123,000 degree earlier in the present day.
Thus far, the sudden value bounce seems like a typical Sunday fakeout, and it’s unclear whether or not one thing substantive will really come out of the latest rally.
Will the bull run proceed?
Varied pundits, similar to Tom Lee, consider that the cryptocurrency may surpass $200,000 this yr. Nonetheless, that is extraordinarily unlikely to occur throughout the comparatively quick span of time that was talked about by the Glassnode analysts.
In keeping with Polymarket bettors, Bitcoin has solely a 1% likelihood of surging to $200,000 this month. The percentages of BTC finally surpassing this degree throughout the the rest of 2025 at the moment stand at 7%.
Some bulls consider that BTC nonetheless has extra room to run because of the truth that the cryptocurrency remains to be underperforming by as a lot as 10% regardless of the latest positive aspects. If Bitcoin have been to reclaim its 2021 peak in opposition to the yellow steel, its value can be buying and selling above $150,000 (assuming that the gold value stays flat).
