Bitcoin Bull Run Indicators Show Price Rally Is Far From Over

Bitcoin (BTC), the market-leading digital asset, soared past $2.11 trillion in total valuation after hitting a new all-time high of $107K just 14 hours ago. Analysts predict the monumental Bitcoin bull run will extend well into 2025 and beyond, driven by rising demand and market maturity.

Grayscale Highlights Bitcoin Market Cycles

According to Grayscale‘s latest report, “The State of the Crypto Cycle,” the crypto market operates in four-year cycles. These cycles alternate between price appreciation and depreciation. The bearish market of 2022 and 2023 represented the decline phase, while 2024 and 2025 are expected to see significant growth. This trend is already clear with BTC’s 155.6% price gain over the past year.

Further, the crypto markets maturity accelerated this year with the launch of spot Bitcoin and Ethereum ETFs. These products have witnessed net inflows of $36.24 billion for Bitcoin ETFs and $2.32 billion for Ethereum ETFs, according to SoSoValue. BlackRock leads in net BTC ETF assets, while Grayscale dominates ETH ETF holdings.

Grayscale‘s report suggests that as long as Bitcoin’s fundamentals remain strong, the bull market is likely to extend well into 2025 and beyond. The recurring price cycles highlight Bitcoins long-term growth, with diminishing cycle effects as the market matures.

Indicators Supporting the Bitcoin Bull Market

It is important to note that the current Bitcoin price action mirrors its trajectory in the previous bull markets. In 2022, BTC dropped to $16,000 but has since surged by over 6,000%. Despite these gains, the returns are notably lower compared to past market cycles, suggesting theres more room for growth in this bull market.

At the same time, Open Interest (OI) for altcoins has surged relative to Bitcoin, signaling that the crypto market may be entering its later stages of the cycle. BTC dominance has also slipped as XRP and Solana (SOL) recently surpassed $100 billion in valuations.

Bitcoins Future Outlook with Policy Changes

Grayscale indicates that while the market suggests we are in the second half of the current bull cycle, there is significant potential ahead. Factors like Donald Trumps pro-crypto policies, which take effect on January 20, 2025, are expected to further boost market momentum.

Investors remain optimistic as these policy shifts, combined with Bitcoins recurring price patterns, reinforce the view that the Bitcoin bull market is far from over.

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