When to Expect Bitcoin’s Next Record High: BTC Price Predictions

Bitcoin’s recent bull cycle is escalating towards a possible peak in late 2025, with analysts highlighting a slowing but prolonged growth trend that could see the leading cryptocurrency reach new heights of $150,000.

Supply constraints and institutional investment patterns are reinforcing this forecast, although the potential for sharp corrections remains a concern.

Cycle Analysis Indicates Slower Growth with Extended Peaks

Analyst Egrag Crypto today presented a technical analysis on X, comparing Bitcoin’s performance across four significant cycles to the S&P 500. The analyst noted that while each subsequent cycle has yielded smaller gains, the upward trends have persisted longer.

For instance, in Cycle 1, the cryptocurrency’s growth was 61%, followed by 42% in Cycle 2 and 35% in Cycle 3. Currently, Egrag anticipates peak growth of 27% by December 2025.

This represents a considerable decline from previous cycles, but it doesn’t signify a loss of momentum. The analyst explained that a slowdown in growth often leads to extended cycles, potentially prolonging the current bull phase into early 2026.

According to their analysis, the average decline between cycles is 11.3%, while the overall drop from Cycle 1 to Cycle 4 amounts to approximately 56%. They argue that this gradual decline suggests a maturing market rather than one running out of steam.

“The chart is trending upwards, yet the level of growth in each cycle is diminishing,” Egrag remarked, implying that December may see the cycle’s next peak before a period of cooling begins.

The discussion regarding the cycle’s length has become a pivotal issue among experts recently. Analyst CryptoBirb previously asserted that the current bull run is 93% complete and may peak between late October and mid-November 2025.

However, this perspective is not unanimous, with other commentators opining that the traditional four-year cycle, historically linked to Bitcoin’s halving events, may be faltering due to increased institutional participation.

Illiquid Supply Indicates $150K Potential

In a separate report, CryptoQuant emphasized a condition of “liquidity scarcity” on major exchanges. Analyst Arab Chain noted that Bitcoin’s illiquid supply, referring to BTC held in long-term storage, has risen to historically significant levels, while the amount available for trading has decreased.

This situation typically exerts upward pressure by limiting sell-side availability. In Arab Chain’s view, the market is experiencing a “fragile bull run,” positioned for further gains while being susceptible to rapid corrections.

The specialist predicts that BTC might surpass $150,000 in 2025, especially if whales and institutions continue their long-term holding strategies. However, he cautions that if substantial holders suddenly release supply into thin markets, the resulting liquidity shortage could lead to a sharp decline toward the $90,000–$100,000 range.