Analyst: BTC's upward trend will continue until the end of 2025

PANews December 8 news, according to the report by Cointelegraph, despite the weak performance of other major assets worldwide, Bitcoin still hit a new all-time high. In the past month, the price of Bitcoin has soared by 32%, while oil prices have fallen by 6.3%, the S&P 500 index has fallen by 1%, and gold has fallen by 1%. The pump of BTC relative to other global assets is a good signal for BTC investors, enhancing the analyst’s expectation that the current Bull Market pump will continue until the end of 2025, which is also known as the “excitement phase” in the lingo of cryptocurrency traders. According to the long-term holder’s net unrealized PNL (NUPL) indicator, BTC has entered an exciting phase. Quinten François, co-founder of WeRate, suggests that this may continue the upward trend of BTC until the end of 2025. NUPL is used to measure whether the BTC network as a whole is in a profitable or loss state, with the difference between unrealized profits and unrealized losses of BTC holders as the measurement standard. Raoul Pal, founder and CEO of Global Macro Investor, states that based on the correlation with the Liquidity index, BTC will reach a “local top” of over $110,000 by January 2025.