Factors supporting further bull market:
Bitcoin Halving (April 2024):
Historically, halvings (reduction of block rewards) have preceded long-term increases in the following 12–18 months. If history repeats itself, the bull market could last until mid-2025.
Institutional entry (e.g., spot ETFs on BTC and ETH):
The influx of institutional capital increases market liquidity and stability. Bitcoin ETFs were approved in the USA in 2024, and Ether ETFs in 2025 – this is a strong demand impulse.Macroeconomic situation:
If the Federal Reserve starts lowering interest rates (which the market expects in the second half of 2025), it could support risk assets, including cryptocurrencies.Interest in AI and Web3:
Projects combining AI with blockchain (e.g., Fetch.ai, Render, Ocean Protocol) are attracting attention, which may support a selective bull market.
Risk factors / signals of a potential peak:
Increase in speculation and memecoins:
The explosion of projects like Pepe, Dogwifhat, or other memecoins is often a signal of the end of the cycle — indicating market overheating.
Bitcoin dominance stabilizes or declines:
If Bitcoin stops rising and altcoins take over (the so-called 'altseason'), it often marks the end of the cycle.Market oversold (RSI, on-chain indicators):
Technical indicators (like RSI > 80 on a weekly timeframe) may suggest overheating and the need for a correction.Regulatory actions (USA, EU):
Sudden tightening of regulations could weaken sentiment, e.g., SEC lawsuits against exchanges or projects deemed securities.
✅ Summary:
Yes, the bull market may still continue – especially if the halving cycle evolves in line with previous years.
However, the further we go into 2025, the greater the chance of a correction or a change in market phase. It's worth monitoring: Bitcoin dominance, inflows to ETFs, Fed decisions, and altcoin behavior.