In a recent analysis, Pav Hundal, lead analyst at Australian crypto exchange Swyftx, has made a bold prediction that Bitcoin (BTC) could hit a new all-time high (ATH) by the end of the first quarter of 2025. This forecast, shared in an interview with Cointelegraph, has sparked significant interest among crypto investors and enthusiasts.
Hundal attributes this potential surge to a combination of favorable macroeconomic conditions and a noticeable decline in bearish sentiment in the market. He highlights that the current economic environment is becoming one of the most supportive for cryptocurrencies in recent history, driven by accommodative monetary policies.
Another key factor behind this optimistic outlook is the sustained demand for spot Bitcoin ETFs. Institutional inflows into these exchange-traded funds continue to drive significant accumulation of BTC, further bolstering its price potential.
However, Hundal also issued a word of caution, noting that BTC’s volatility has dropped to levels seen before November 2024. While this stability might indicate reduced selling pressure, it could also pose short-term risks if market momentum stalls.
The Swyftx analyst’s prediction aligns with growing optimism in the crypto community, as Bitcoin continues to show resilience amid global economic uncertainties. Investors are keenly watching for signs of a breakout in the coming months.
As the first quarter of 2025 approaches, all eyes will be on Bitcoin to see if it can indeed achieve this forecasted milestone. Whether Hundal’s analysis holds true remains to be seen, but it certainly adds fuel to the ongoing debate about BTC’s future trajectory.
Andrew Lee
