In the 2025 edition of the cryptocurrency bull run, a period where cryptocurrency investments will give you unprecedented profits, Bitcoin is expected to emerge as a profitable investment. The immediate reason for this bull run is the victory of Donald Trump in the 2024 US Presidential elections. Trump’s presidency is viewed as an event that will surely boost the larger cryptocurrency industry.
Bitcoins are the most important cryptocurrencies that would gain from the upcoming crypto bull run. This is partly because of Bitcoin’s large market share and its being a one-of-its-kind currency that acts as a point of validation for all other altcoins.
In this article, we will examine the analysis of experts regarding Bitcoin’s position in the upcoming crypto bull run.
Bitcoin’s Current Status In The Market
The results of the 2024 US Presidential election have brought in the expected boost for the price of Bitcoin. The price of Bitcoin soared to a high of $90,000 soon after the election results were declined. The price climbed to a high of $98,741.35 at the time of writing this article, which is 47.06% higher than Bitcoin’s price a month ago and 161.65% higher than Bitcoin’s price at around the same time last year.
The current status of Bitcoin in the market is such that it has outperformed 67% of the top 100 cryptocurrencies, including Ethereum. The current price is well above the 200-day simple moving average (SMA), which is at $65,394 now. The all-time high rate of Bitcoin at $99,575 was achieved recently on November 22, 2024, which also highlights the scope of Bitcoins in the 2025 bull run.
The current circulating supply of Bitcoin at 19.79M BTC shows that the currency has ample liquidity in the market. The current market capitalization of Bitcoin is $1.95T and its 24-hour trading volume is also high at $57.08B. The supply inflation of Bitcoin is also low at 1.19%, and the tokens are less volatile at 13.48%.
All the data about the current status of Bitcoin in the market foreshadows its likeliness for success in the upcoming bull run season.
Bitcoin’s Future Prospects
With Donald Trump’s presidency becoming a reality, the promise of a strategic reserve for Bitcoins is being increasingly discussed nowadays. Bitcoin’s perceived importance in strengthening the US economy and countering the issues of the growing national debt will surely increase its future prospects.
If the Bitcoin Act is passed in the US Senate, as promised by Trump during his election campaigns, the regulatory overbearing of the US Securities and Exchange Commission (SEC) will come down as it will result in the induction of the Commodity Futures Trading Commission (CFTC).
The creation of a strategic Bitcoin reserve in 2025 will result in a bitcoin buying spree in the US. The US authorities will be able to purchase 1 million Bitcoins in the next five years, which will make the country a Bitcoin superpower.
As per the expert predictions, in 2025, the price of Bitcoin will rise to a minimum rate of $104,997 and a maximum rate of $177,384, with the average price rise predicted to be $177,384. This bullish trend will continue in the coming years, with the price expected to average $228,591 in 2030.
The technical analysis indicators are also showing predominantly bullish sentiment for Bitcoins in the market. 27 technical analysis indicators are showing bullish trends against 5 technical analysis indicators showing bearish trends. As per the current trends, the price of Bitcoin will reach the milestone when it will rise to $100,000 at the end of 2024.
Also, read: Buying Bitcoin For Beginners: A Comprehensive Guide
The Bottom Line
Bitcoin is expected to emerge as the most profitable cryptocurrency in the upcoming bull run season, thanks to the boost it is set to receive from the US, the world’s strongest economy. Various market analysts and cryptocurrency experts are of the opinion that Bitcoin will explode in the upcoming bull run and will become even more valuable.
Bitcoin investments are, without any doubt, going to bring you the most prospects in the coming years. Stay tuned to the market trends and analyses and make good use of this opportunity to become rich in the field of cryptocurrencies.
