The market is recovering from the year-end bleeding that brought most cryptocurrencies, including Bitcoin (BTC), to monthly lows. As the flagship cryptocurrency retests key levels, some analysts have shared their predictions for a 2025 bull market and BTC performance.

Bitcoin correction near end?

Over the past three days, Bitcoin has slowly climbed back to the $96,000 level, briefly reaching near $98,000 on Thursday afternoon. Last week, the flagship cryptocurrency lost this key range, unable to recover it for six days. Since mid-November, this zone has been a key rebound point.

However, the Modern Year’s recovery saw BTC’s price rise by almost 5%, with Bitcoin trading above $96,000 last day. Some cryptocurrency analysts have previously suggested that reclaiming the $97,300 support zone is crucial to reversing BTC’s short-term downtrend. This level was tested again yesterday for the first time in over a week, but failed to maintain it.

Still, cryptocurrency analyst Rekt Capital excellent that the 9th week of the “parabolic growth phase” after the halving is “slowly coming to an end”, which suggests that the BTC correction will likely end soon. The analyst explained that after each Halving, Bitcoin enters a parabolic period, which lasts about 300 days in each cycle.

Historically, BTC registers its first major pullback a month after entering price discovery mode. The first “Price Discovery Correction” begins between weeks 6 and 8 of each parabolic phase and involves at least a 25% pullback.

This cycle, Bitcoin’s retracement began in week 7 and saw a 15% correction, which some analysts believe is due to the trend of smaller corrections. Rekt Capital stated that “when Bitcoin completes its historically correct weeks,” the flagship cryptocurrency will offer plenty of reasons to be bullish.

Likewise the analyst he noticed that BTC’s peak will likely come this year, followed by a “whole new bear market.” However, he explained that most of the bear market will take place next year and will last “over 365 days and will be -65% to -80% deep.”

BTC performs well in the first quarter

Daan Cryptocurrency Transactions highlighted that Bitcoin “has been trading around the $100,000 level for 6 weeks now, we have accumulated a lot of liquidity in this area.” He added that from $100,000 and up, “there should be plenty of fuel to get to that level.”

What’s more, a trader excellent that BTC “trades around a high-volume node. This means that most of the volume was traded between these prices. Generally speaking, price moves more easily when it is able to break away from an area with such high volume. 4H 200MA protects this break from above. The 4H 200EMA below offers support.”

Daan asserted that a break above the $98,000 level could “reignite the party and return to record highs,” while maintaining the key support zone at $95,000 in the miniature term.

Ultimately, he believes there will be an “interesting race between BTC and ETH this quarter” as market performance in the first quarter is usually “pretty positive.” Based on this historical performance, traders expect leading cryptocurrencies to perform well throughout the start of the year.

At the time of writing, Bitcoin is trading at $97,071, up 1% on a weekly basis.

Featured image from Unsplash.com, chart from TradingView.com