The price of Bitcoin had a superb year in 2024, being the leader among all asset classes on the stock market. The year 2025 should see the continuation and also the end of the bullish cycle of Bitcoin: Vincent Ganne considers it likely that the price of BTC will be at 120,000 dollars at the end of January.
Bitcoin crushed the competition on the stock market in 2024
Who's the boss?!!
This is an exclamatory question that Bitcoin could say in public if it were a living person. Unfortunately, we will not hear the voice of BTC because it is just a simple computer code devoid of any consciousness.
In any case, the price of Bitcoin has once again crushed the competition on the stock market in 2024. If we choose a representative for each asset class on the stock market (stock market, bond market, foreign exchange market, securities market raw materials and cryptocurrency market), which I offer you on the first graph below, the leading position of BTC is obvious.
🚫 10 mistakes to avoid in trading
With an annual performance of more than 105%, BTC did significantly better than the best performances within the major American stock market indices and recorded an annual performance 4 times higher than that of an ounce of gold.
The year 2025 should see the continuation of the upward cycle in the price of Bitcoin. I invite you to watch the video I recorded this week, “8 reasons why I believe in $200,000 for BTC at the end of 2025”.
It is also this year 2025 which will see the end of the BTC bull run and you will therefore have to know how to take your profits on time. To do this, I invite you to join me every day on the Cryptoast Academy service.
📈 To get my daily trading opinion on the Bitcoin price, join me on Cryptoast Academy!
The first quarter of each year is very favorable from a statistical point of view for the price of bitcoin during a bull run. The prospect of Donald Trump's inauguration on January 20 should be a supporting factor for BTC and once the new Trump administration is in power, the first announcements favorable to cryptos should be made public quickly.
I therefore consider it likely that the price of BTC will reach $120,000 at the end of January, both on the fundamental and technical levels of the financial markets.
Chart that compares the stock market performance in 2024 of a representative of all asset classes
Bitpanda: receive €50 bonus in BTC by creating an account
Bitcoin, I'm targeting $120,000 by the end of January 2025
The price of Bitcoin developed a retracement phase in December, a beneficial pause phase which brings graphic structure to the underlying upward trend.
BTC probably found a low point by making this retracement between 108,000 and 90,000 dollars, it now remains to cross 100,000 dollars to validate a bottom for good and then resume the path towards new historical records .
In terms of cycle repetition, by aligning the cycles with the number of days since the halving, a significant bullish phase is expected from the second week of January, i.e. next week.
Are you interested in repeating cycles? This is a subject that I cover every morning in video on Cryptoast Academy.
Don't miss the bullrun, join our experts on Cryptoast Academy
Advertisement
Chart that compares the current Bitcoin bull cycle to its 2 past cycles taking into account the number of days after the halving and aligning the cycles on a multiple compared to the low point of their respective previous bear market
Bitpanda: receive €50 bonus in BTC by creating an account
The #1 Crypto Newsletter 🍞
Receive a summary of crypto news every day by email 👌
Some links in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission.
Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Vincent Ganne is a recognized expert in technical analysis with 18 years of experience. He frequently speaks on BFM Business and produces exclusive analyzes for Cryptoast Research. Drawing on his extensive experience, Vincent offers a holistic approach to financial markets, taking into account macroeconomic events and using many aspects of graphical analysis to forecast trends in Bitcoin and other cryptocurrencies in the medium to long term. He also held the position of Senior Market Analyst & Business Development Manager for 3 years at TradingView, strengthening his in-depth knowledge of financial markets.
Vincent Ganne
282 items
