Ark Invest predicts a new Bitcoin high by year-end

Investment firm Ark Invest forecasts that the price of BTC will reach the range of $104,000–$124,000 by early 2025. This was reported by the company’s analyst David Puell in an interview with CoinDesk.

Puell noted that the current market dynamics align with the company’s predictions, while clarifying that this is not an investment recommendation. The expert believes that the crypto asset is in a preparatory phase to surpass the $100,000 mark, with potential for further growth.

Why is BTC rising?

The analyst notes that the market is 55–65% of the way to the peak of the bullish cycle, which allows for forecasts in the $126,000–$134,000 range. Additionally, U.S. monetary policy and the stance of the SEC are influential factors and could serve as key drivers. At the time of publication, the digital currency is trading at $96,200, and market metrics confirm the continued strengthening of the trend.

What’s next?

Despite optimistic predictions, market cyclicality remains a crucial factor. Ark Invest’s expert warns that after reaching a historical high, a bearish phase is inevitable. In his view, the price could drop by 70% from the cycle’s peak, reaching approximately $30,000.

Similar estimates have been published by CryptoQuant analysts. They suggest that within the current cycle, the leading cryptocurrency could reach $146,000, based on network metrics and demand dynamics.