As 2024 draws to a close, the crypto market is buzzing with predictions about 2025, spearheaded by insights from CoinGecko. The report anticipates substantial growth for Bitcoin, projecting a potential climb to $250,000, a 154% increase, within an ascending channel pattern. These predictions align with historical post-Halving trends, known for supply limitations leading to price hikes.
The wider crypto scene is also poised for expansion, as the total market cap follows a rising wedge pattern, a harbinger of bullish trends. Notably, cryptocurrencies beyond the top 10 are indicated to be on the brink of an 'altcoin season', which could see rallies up to 317% should they surpass resistance levels.
Crucial in driving this potential upturn are several 2024 milestones, like Bitcoin's Halving and the awaited ETF approvals for the likes of XRP, Litecoin, and Solana. Political backing from figures like President-elect Donald Trump hints at a favorable environment for crypto growth.
As of now, the entire crypto market cap stands at $3.22 trillion, with Bitcoin trading at $94,456. Despite recent minor losses, both in the short frame of 24 hours and over a week, the outlook remains optimistic with economic integration and adoption expected to rise.
