#CryptoSurge2025

Market

Bitcoin Today 01/22/2025: BTC is ‘halfway’ to a new high, says report.

Bitcoin fell almost 5% after breaking its all-time high, giving back some of the gains caused by the euphoria of Donald Trump’s inauguration as president of the United States.

Bitcoin halving data

The new Bitcoin model is based on the cryptocurrency’s halving cycle, which reduces the issuance of new BTC by half and causes a supply shock. According to analyst Ted Boydston, this cycle includes four stages that explain the process of Bitcoin’s bull run.

The first phase is the accumulation phase, in which the market bottoms, followed by the breakout and the initial bull market. This phase occurred shortly after the US presidential election and marked the conclusion of the first half of the phase.

This is followed by a mid-cycle consolidation phase, which likely occurred when Bitcoin struggled to hold above $803,455,182,611,000. Finally, the final phase is the final bull rally, where BTC rises exponentially until it reaches a new all-time high.

This Bitcoin model analyzes the historical trends of the 2012, 2016, and 2020 halvings and compares them to the current market. Boydston highlights the similarities and provides insights into potential price trends and patterns. Based on this analysis, he predicts that Bitcoin could reach an all-time high of $803,455,182,613,800 in this cycle.