Glassnode co-founders Jan Happel and Yan Allemann have predicted that the value of Bitcoin (BTC) may attain the height of the present cycle inside simply 4 or 5 weeks.
As reported by U.In the present day, the flagship cryptocurrency reached a brand new document excessive of $125,708 on the Bitstamp change.
Nevertheless, it did not enter a brand new value discovery stage and gave up most of its beneficial properties, slipping under the $123,000 degree earlier at the moment.
Thus far, the sudden value bounce appears like a typical Sunday fakeout, and it’s unclear whether or not one thing substantive will really come out of the newest rally.
Will the bull run proceed?
Numerous pundits, corresponding to Tom Lee, consider that the cryptocurrency may surpass $200,000 this 12 months. Nevertheless, that is extraordinarily unlikely to occur inside the comparatively brief span of time that was talked about by the Glassnode analysts.
In response to Polymarket bettors, Bitcoin has solely a 1% probability of surging to $200,000 this month. The percentages of BTC ultimately surpassing this degree in the course of the the rest of 2025 at present stand at 7%.
Some bulls consider that BTC nonetheless has extra room to run as a consequence of the truth that the cryptocurrency remains to be underperforming by as a lot as 10% regardless of the current beneficial properties. If Bitcoin had been to reclaim its 2021 peak in opposition to the yellow steel, its value could be buying and selling above $150,000 (assuming that the gold value stays flat).
