In an article on the company’s blog, Matthew Siegel writes that Bitcoin’s growth should continue in the first quarter of next year. However, then the market is expected to decline – Bitcoin could fall by 30%, and large altcoins could collapse by 60%.
Siegel then predicts a “summer lull” – a period of consolidation, and by the end of 2025, BTC could be worth $180,000.
“At the peak of the cycle, Bitcoin will cost approximately $180,000, and Ethereum will exceed $6,000. Other well-known projects, such as Solana and Sui, may exceed $500 and $10, respectively,” the publication notes.
His colleague was also supported by Bitget Research chief analyst Ryan Lee – he also believes that Bitcoin could fall by 30% before resuming the bullish rally.
Interestingly, in mid-November, Siegel said that Bitcoin would reach $180,000 by the beginning of 2025.
Source: Bits
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