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Bitcoin Bull Market Mid-Cycle: Year-End Price Could Reach $124,000

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David Puell, a research associate at ARK Invest, has stated that the current market environment reflects a mid-cycle phase of the Bitcoin bull market. According to his analysis, Bitcoin’s price could reach between $104,000 and $124,000 by January 1, 2025. Puell emphasized, “It is important to note that this is not financial advice, but so far, the price trajectory aligns closely with this projection.”

He further indicated that the crypto market is still approximately 55% to 65% away from the bull market’s conclusion. In an optimistic scenario, Puell predicts that Bitcoin could achieve a staggering price of $1.5 million by 2030.

Disclaimer: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.

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