The Bitcoin market has recently gained 2.1% in the last 24 hours, sparking discussions about its next major milestone. Renowned crypto analyst James Check sees striking parallels between the current cycle and Bitcoin’s explosive 2016-2017 rally, fueling speculation that the cryptocurrency could soar to $150,000 sooner than anticipated.
— Theya (@TheyaBitcoin) January 23, 2025
Bitcoin’s Price Journey in 2025
Bitcoin began the year at $93,600.90 and surpassed the $100K mark by January 6. A price correction followed, with a 9.45% dip between January 7 and 9, but the cryptocurrency rebounded to hit $109,538.17 by January 20. As of now, Bitcoin trades at $104,814.63, down 4.31% from its recent peak.
James Check forecasts a price range of $120,000 to $150,000, which he dubs the “topping cloud.” However, he warns that surpassing this range could lead to challenges in maintaining those levels.
Profit Opportunities for Holders
Data from Bitbo reveals that short-term holders paid an average of $90,349 per BTC, while long-term holders acquired Bitcoin at just $24,627. If Bitcoin reaches $150,000, short-term holders could realize a 66.02% profit, while long-term holders might see gains of 509.09%.

Similarities to the 2016-2017 Cycle
Bitcoin’s market performance in 2016-2017 offers insights into its current trajectory. During that cycle, Bitcoin experienced consolidation in early quarters before explosive growth in Q4. James Check predicts a similar pattern for 2025, with potential consolidation early in the year and a rally toward its peak later on.
While some, like trader Mags, forecast Bitcoin’s peak between July and October 2025, others believe it could extend into the year’s final quarter. Braver, another prominent trader, anticipates strong bullish momentum in early 2025 but agrees the ultimate peak might occur later in the year.
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As Bitcoin’s price mirrors historical patterns, the crypto market appears poised for significant movements. With analysts eyeing $150,000 as a potential peak, 2025 promises to be an exhilarating year for Bitcoin enthusiasts and investors alike.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.