The Bitcoin price as of December 21, 2024, is approximately $98,600, showing a 3.4% increase from its previous closing price. Over the past seven days, Bitcoin has experienced significant price fluctuations, including drops below key support levels. This period has also been marked by declines below the $100,000 price level, leading to liquidations across the entire crypto industry.
One notable cryptocurrency analyst, Adrian Zduńczyk, also known as CRYPTO₿IRB, predicts that Bitcoin’s current bull run is around 80% complete, with the remaining 20% expected to be the most exciting phase. He anticipates that this phase will propel the price of Bitcoin to unprecedented levels in the first half of 2025.
The current market cycle is believed to have started in October 2023 when the introduction of Spot Bitcoin ETFs sparked enthusiasm among crypto investors. This kickstarted a rally that saw Bitcoin breaking through various price resistance levels, reaching above $70,000 in March 2024, and surpassing $100,000 in December 2024. According to CRYPTO₿IRB, Bitcoin has already increased by approximately 315% since the beginning of the bull run, with a projected additional 110% increase expected to push the price over $225,000 by June 2025.
Following Bitcoin’s peak, Zduńczyk foresees a major altseason where altcoins experience substantial gains. However, he warns investors to be cautious, as he predicts a bear market in 2026 that could lead to significant losses ranging from 80% to 90% from the highs of various cryptocurrencies. His advice to the crypto community is to realize gains and exit before the end of 2025.
Despite CRYPTO₿IRB’s bullish prediction, other crypto analysts have even more optimistic projections, with some suggesting that Bitcoin could peak above $1 million in the current market cycle. Zduńczyk also hinted at a significant event scheduled for December 27, which he cryptically referred to as a “big release,” without providing further details at this time.
In conclusion, Bitcoin’s price has shown resilience amidst significant fluctuations in recent days, with analysts like CRYPTO₿IRB predicting further upward momentum. The current bull run, which began in 2023, is expected to continue, with Bitcoin potentially reaching over $225,000 by June 2025. Investors are advised to stay informed and cautious amid volatile market conditions, preparing for the potential altseason and subsequent bear market.
