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BitcoinSistemi 2025-01-23 13:40:08

Experienced Analyst Van Straten Compared This Year to 2017 in Bitcoin! Will the Scenario Be Repeated? Here Are the Details

Bitcoin (BTC), the largest cryptocurrency by market cap, could break new all-time highs in more than 70 days this year, according to analyst Van Straten. Van Straten Says Bitcoin Could Break 70+ Daily Records in 2025 This would represent a significant jump compared to 2024, when Bitcoin broke new records only 23 times. Van Straten noted that Bitcoin’s current price action closely mirrors its performance in 2017, a year in which it reached record highs on 77 separate days. If this trend continues, 2025 could surpass that milestone and underscore a revival in bullish momentum. Bitcoin started the year off strong by reaching a historic price of $109,000 on Jan. 20. That was also the day former President Donald Trump was inaugurated, adding a layer of symbolic significance. The cryptocurrency market responds differently to record highs than traditional financial assets. When Bitcoin reaches a new high, it often raises concerns about market overheating and excessive greed. In contrast, assets like gold and stocks often continue their bull runs after reaching new highs. Gold has underlined its steady rise by reaching 33 all-time highs in 2024. Similarly, Bitcoin’s potential to surpass record levels multiple times this year could further solidify its position as a leading investment asset. If Bitcoin's price momentum remains steady, the year 2025 could be a turning point for the cryptocurrency. The combination of increasing institutional interest, macroeconomic factors, and historical patterns suggest that Bitcoin is poised for a period of sustained growth, potentially outperforming its historical benchmarks. *This is not investment advice. Continue Reading: Experienced Analyst Van Straten Compared This Year to 2017 in Bitcoin! Will the Scenario Be Repeated? Here Are the Details