Bitcoin (BTC) is poised for new all-time highs by March 2025, making it difficult for bears to maintain a negative outlook, according to Swyftx lead analyst Pav Hundal.
“The air is getting very thin for bears right now. We expect Bitcoin to hit fresh highs by the end of the quarter,†Hundal told Cointelegraph.
Bitcoin Volatility Mirrors US Election Period
Bitcoin’s volatility has returned to levels last seen in November, when Donald Trump’s election win triggered a BTC rally past $100,000.
Bitcoin hit its previous ATH of $73,679 before surpassing the $100K mark by Dec. 5. As of now, BTC trades at $102,470, per CoinMarketCap.
Hundal noted that market volatility could spike, which may be risky for both bulls and bears. Before the US election results, uncertainty led to $350M in crypto liquidations, with BTC briefly dipping below $69,000.
Mixed Views on Bitcoin’s Q1 Performance
Hundal believes the market is entering “the most accommodative era of policy making in crypto.†However, VanEck has a different outlook, predicting Bitcoin’s next major peak in Q4 2025.
Source: Cointelegraph
