After the ATH update, the market began to correct, and the main question is whether there are fundamental factors for continued growth or the main drivers have already played out.
🔹 What supports growth?
✅ Spot effect $ETH
While the hype surrounding the launch has played out, there is a steady influx of capital into spot ETFs on $BTC . This creates stable demand, especially from traditional institutions.
✅ Halving (April 2024)
Historically, halving reduces selling pressure (from miners), which contributes to price growth in the medium term. However, the instantaneous effect is not guaranteed — what matters more is how liquidity behaves.
✅ Weaker dollar
If the Fed does decide to lower the rate in the second half of 2025, the dollar will weaken, and risk assets (including crypto) will receive support.
✅ Continuing interest in crypto infrastructure
Adoption in Web3 is growing, investments in blockchain technologies continue, and integration into the financial system strengthens the fundamental value of Bitcoin.
🔻 What could hinder growth?
❌ Tight Fed policy
If the regulator continues to keep the high rate longer than the market expects, it will reduce liquidity and may lead to a decline in prices for $BTC .
❌ Macroeconomic instability
Trade wars, recession risks, and a slowdown in the global economy could hit all risk assets, including crypto.
❌ Regulatory risks
If the US or EU starts tightening regulations on the crypto industry, it may temporarily reduce demand.
Conclusion
Bitcoin's growth in 2025 is possible, but it will not be as linear as in the previous cycle. If the Fed eases policy in the second half of the year and ETF inflows remain, the market may rise again. However, scalpers and short-term traders will have to consider the risks of high volatility and possible macroeconomic shocks.
