In January 2025, the Bitcoin price exceeded $109,000, setting a new all-time high, according to CoinMarketCap. Unlike past cycles, where similar growth took roughly 1.5–2 years, this rally was achieved in just 273 days post-halving.
Bitget attributes the increase to reduced supply of new coins post-halving and growing demand from major investors. The combination of scarcer supply and rising demand creates ideal conditions for price appreciation, the firm notes.
Enmanuel Cardozo of Brickken reports that the Bitcoin market typically bottoms out within 1–1.5 years after a halving, and the price peaks about 2–3 years after the event. Thus, the lowest price was expected in the third quarter of 2025, while the highest in mid-2026. However, increasing liquidity may shorten the timeframe this time, the analyst suggests.
The crypto market remains under pressure from the Fed's interest rate decision. A potential interest rate cut could boost money supply. This, according to analysts, might support further growth of Bitcoin prices.