Bitcoin has entered a new cycle and is expected to stabilize by the end of the year

The news from Hash World Chain indicates that Jurrien Timmer, the global macro director at Fidelity, pointed out on the X platform that the current speculation in the crypto market has subsided, and the market's performance has improved. Against the backdrop of the Federal Reserve's loose policy and the relatively calm bond and foreign exchange markets, Bitcoin's performance is still expected to be good in 2025. The previous practice of the Bitcoin treasury company to generate returns by purchasing Bitcoin through stock issuance may now also be a resistance to Bitcoin's rise and has raised questions about whether another four-year cycle has ended. At the same time, analyzing Bitcoin's mature network structure, it has experienced five waves of upward movements since 2010, with each wave's increase gradually decreasing but lasting longer. From the performance of the recent bull market (which started around $16,000 in 2022), Bitcoin has become quite mature. According to Jurrien Timmer's five-wave upward movement chart, the target price for Bitcoin in the fifth wave could be $151,360.