Bitcoin $101,782.3With the new week, it entered a new rising period by exceeding the level of 102 thousand dollars again. According to analysts, the largest cryptocurrency has started its long-awaited price discovery process. According to CoinGecko data, Bitcoin is trading just 6 percent away from its peak of $108,135, recorded on December 17. Bitcoin’s 10 percent rise in the last week has created a positive atmosphere in the cryptocurrency market in general.
Bitcoin Entered Its Strongest Period of the Year
Analysts think that Bitcoin’s rise is linked to the historical cycle following the 2024 block reward halving event. Famous cryptocurrency analyst Daan Crypto TradesIn his evaluation to his followers on the X platform, he stated, “Bitcoin’s price discovery process is just beginning.” The analyst stated that this year was one of the periods with the strongest increases in the cycle.
Founder of CryptoQuant Ki Young Ju He also made optimistic comments about the general course of the market. “This Bitcoin bull cycle may be the longest ever,” Ju said. “New sources of liquidity are steadily supporting the market and more is on the way,” he said. However, some experts view this optimistic outlook with caution. ITC founder Benjamin CowenWhile he suggested that Bitcoin could reach $120 thousand by January 20, he warned that the bull market could end in the first half of the year.
Analyst named Rekt Capital stated that daily closings above $ 101 thousand 165 show that Bitcoin has experienced a strong breakout. The analyst stated that 2025 will be the peak of the bull market, 2026 will be the bear market, and 2027 will be the year of preparation for the beginning of a new cycle.
Latest Situation in Cryptocurrency Market
Bitcoin’s return to six-digit levels increased the total value of the cryptocurrency market to $3.74 trillion. But Ethereum (ETH) 
$3,662.4 failed to follow the momentum of the largest cryptocurrency. ETH, which rose above $ 3,700 for a short time, then fell below this level. In the altcoin market Tron (TRX), Avalanche 
$43.7 (AVAX) and hyperliquid Some coins such as (HYPE) saw limited gains.
Investors are also evaluating Bitcoin’s current price levels. Famous investor and Bitcoin trainer Tone Wows“After selling it in November, I am completely in Bitcoin again,” he said, announcing that he bought it for 100 thousand dollars. Although there is a generally positive atmosphere, analysts recommend that investors be careful in this upward trend and follow the movements in the market closely.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
