How will the market move next? What's the highest Bitcoin price possible in the 2025 bull run?
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How will the market move next? What's the highest Bitcoin price possible in the 2025 bull run?
Regardless, we firmly believe that Bitcoin will eventually reach over $100,000 in the future.
Navigating Web3 tides with focused insights
Following Trump's victory in the U.S. election two days ago, today (November 8) the Federal Reserve cut its benchmark interest rate by 25 basis points to 4.50%-4.75%—the second consecutive rate cut this year and in line with market expectations—fueling continued bullish sentiment, with Bitcoin surging past its all-time high to reach $76,990.
While the outcome of the U.S. election will have long-term implications for the crypto market, we must not overlook short-term volatility risks. During this week’s volatile rally in Bitcoin, over the past 24 hours alone, total liquidations across the crypto market exceeded $348 million, affecting more than 96,000 traders. Meanwhile, Bitcoin’s open interest on exchanges has reached a record high of $46.6 billion, which typically signals potential for larger swings or that a short-term peak may be near. Please avoid FOMO and stay away from leverage as much as possible.
In our previous article on Hualihuawai (November 5), we mentioned that the crypto market never lacks hot topics—new major events tend to emerge every so often, capturing widespread attention and discussion. Now, with the November U.S. election results and the Fed's second rate cut already priced in, people will likely soon begin searching for or focusing on the next big catalyst.
From a short-term perspective: The recent breakout in Bitcoin’s price is primarily driven by sentiment following Trump’s election win, a point we’ve previously discussed. At this stage, leverage levels in the crypto market have risen significantly, so we cannot rule out the possibility of a near-term correction.
From a medium- to long-term perspective: As we previously forecasted, with Bitcoin breaking new highs, a new bull market has indeed begun. Although some short-term pullbacks may occur—which is normal, as markets don’t move straight up—anyone still waiting on the sidelines hoping to buy Bitcoin below $40,000 may end up missing this entire bull run.
So, how high could Bitcoin go in this cycle?
We’ve intermittently explored this question since 2022. Personally, I’m reluctant to make frequent price predictions, but as a content creator, I understand many readers—especially newcomers—are drawn to such analysis, so I occasionally share market outlooks or speculative forecasts.
Regarding Bitcoin’s price target, for example, in our article on February 14, 2024, we analyzed market trends from four different angles and subjectively projected a bull market range of $100,000–$120,000 for BTC. That range remains where I would consider gradually taking profits. See chart below.
That said, we always emphasize: markets are inherently unpredictable. Any forecast is merely speculation based on historical patterns and data. The key isn't blindly following others’ views—everyone has different risk tolerance, positions, and experiences. You should build your own strategy accordingly.
Our personal expectation for Bitcoin reaching $100,000–$120,000 in this cycle remains unchanged. However, given Trump’s victory accelerating Bitcoin’s breakout, his potential pro-crypto policies moving forward (for instance, making BTC a strategic reserve asset), the fact that over 270 pro-crypto candidates won congressional seats this week, and ongoing expectations of Fed rate cuts, we now believe Bitcoin could potentially reach as high as $150,000 by next year (2025).
What about Ethereum’s peak price in this bull cycle?
As above, if Bitcoin does exceed $150,000 next year, ETH could optimistically reach $12,000, SOL might surpass $450, and select altcoins could theoretically gain 5–10x. Under our earlier $100,000–$120,000 Bitcoin scenario, ETH would likely range between $8,000 and $10,000, while SOL could reach $300–$400. Again, these are purely speculative estimates based on Bitcoin’s trajectory and should not be taken as investment advice.
Meanwhile, other positive factors are also emerging:
- Coinbase stock surge
Following Trump’s win, pent-up demand appears to be materializing. While traditional off-chain capital may still hesitate to enter crypto directly, the recent rise in Coinbase’s stock price tells an important story. See chart below.
Beyond Coinbase’s stock performance, it’s worth noting that Coinbase (including the Base chain) and its ecosystem (such as staking and DeFi products) are fundamentally tied to Ethereum. Although ETH has underperformed relative to Coinbase lately, this gap could narrow in the near future.
Also, don’t forget that ETH remains the only asset besides BTC with approved ETF products. Currently, Bitcoin continues setting new records, and Solana broke its market cap all-time high today (November 8). Ethereum remains one to watch.
- CEX experiencing massive stablecoin inflows
The day after the U.S. election, Binance and Coinbase saw a combined stablecoin inflow of up to $9.3 billion—the second-largest influx of ERC-20 stablecoins since their inception. This is generally a strong bullish signal, as much of this capital is likely to be deployed into BTC or altcoins. See chart below.
Historically, large capital inflows between September 2020 and February 2021 coincided with the start of a major bull run. If history repeats itself, this current wave of inflows could trigger a similar upward momentum, potentially leading to another strong bullish phase.
Additionally, we must revisit the MemeCoin trend. As noted in our last article, MemeCoins appear to be approaching a cyclical peak, suggesting that narrative rotation among altcoins may accelerate soon.
With Bitcoin continuing to break records this week, I’ve observed strong rebounds in certain DeFi projects, such as UNI and AAVE. See chart below.
Previously, due to regulatory pressure from the SEC, many altcoins (aside from BTC) were considered securities, limiting their tradability and hype in the U.S. market. With Trump’s return, however, this landscape could shift.
We anticipate that before Q2 2025, certain altcoins may regain investor attention and see renewed speculation, prompting liquidity to flow back from MemeCoins into broader alt narratives. That said, given the unique nature of this MemeCoin cycle, we may continue to see isolated "rags-to-riches" stories (i.e., a few MemeCoins still rising), though the likelihood of another broad-based MemeCoin mania is significantly reduced.
In summary, we remain optimistic about the market’s overall trajectory in the medium to long term. We firmly believe Bitcoin will eventually surpass $100,000. However, keep an eye on short-term volatility—now that election and rate-cut expectations are priced in, the market may consolidate or dip temporarily in the coming weeks.
Bull markets make it seem like everyone can profit, yet many actually lose money during the mid-to-late stages. Always stick to your plan and manage position size wisely. For short-term traders, set clear take-profit and stop-loss levels. And if you’re still on the sidelines but want to catch the final leg of this bull run, now is the time to seriously reconsider your strategy—bull markets don’t last forever.
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