Experts from Matrixport said that the first cryptocurrency could show a strong start at the beginning of 2025.
Matrixport emphasized that volatility in the crypto market is biased towards growth, and this favorable trend will provide positive momentum for Bitcoin over the next few months.
“We expect positive movements in Bitcoin in early 2025, which could become a record high in terms of the asset’s value and the influx of fiat currencies into the crypto industry,” the report says.
Analysts added that in February the rate of the first cryptocurrency grew by 44%, and over the course of the year Bitcoin demonstrated growth of 150%.
Activity in the futures market has slowed recently, but demand in the spot market continues to grow. The futures market will go through several cycles of “overheating” and liquidations, which will contribute to the growth of the price of digital gold and further capital inflow into the industry, experts noted.
Earlier, CryptoQuant analysts suggested that the price of the first cryptocurrency would continue its upward trend due to increased buying pressure on the spot market.
