Evgeny Shatov, a partner at London-based venture capital firm Capital Lab, predicted that Bitcoin’s current bullish run is nearing its conclusion as the market prepares for a shift toward altcoins.
In an interview with Russian media outlet Izvestia, Shatov explained that Bitcoin dominance is beginning to wane, signalling the start of an altcoin season. He expects this transition to take shape as Bitcoin’s growth slows in the first half of the year.
Shatov projected that Bitcoin could reach a price range of $115,000 to $135,000 during this period, fueled by an unfinished impulse wave, before entering a consolidation phase around these levels.
The venture capital pointed out that Bitcoin’s dominance index currently stands at 56.7%, reflecting a 6.6% increase since the start of the year. However, he predicts this figure will decline as altcoins gain traction, both in number and total market capitalization. Drawing comparisons to historical data, Shatov referenced 2017, when Bitcoin’s dominance was approximately 90%, and 2021 when it fell from 60% to 40%.
Bitcoin previously reached an all-time high of $107,000 on December 16, 2024, following President-elect Donald Trump’s announcement of plans to establish a U.S. Bitcoin strategic reserve akin to the nation’s oil reserve. Currently, the cryptocurrency is trading at $96,786.50, showing a marginal increase of 0.2% within the last 24 hours, according to data from CoinGecko.
Meanwhile, more positive predictions have been made about the cryptocurrency’s growth in 2025. Analysts at crypto derivatives platform Bitfinex predicted Bitcoin could reach $200,000 by mid-2025, building on the momentum gained from 2024. The analysts highlighted that a halving event usually comes with an extended bullish trend, and thus, the 2024 event, coupled with the strong institutional demand for the cryptocurrency, particularly from ETFs and spot accumulation, will keep driving the digital currency’s value growth. According to them, this ongoing support should reduce the likelihood of significant market corrections, leading to an anticipated peak in late 2025, approximately 450 days after the halving, in line with historical trends.
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