Changpeng Zhao von Binance shares forecast for the next Bitcoin Bullrun in 2025

Changpeng Zhao von Binance shares forecast for the next Bitcoin Bullrun in 2025
Changpeng Zhao, the founder and CEO of the Binance cryptocurrency exchange, shared its predictions for the next Bitcoin bull market in a Twitter session on July 5. He spoke about various topics such as Blackrock's interest in the crypto market, regulatory measures against his stock exchange and his thoughts about the next bull market.
Zhao's forecast states that the next bull market is expected to take place in 2025. His forecast is based on the historical cyclicity of the Bitcoin Prize. Historically, Bitcoin tends to climb into four-year cycles that are driven by Bitcoin-Halving. The number of newly produced bitcoins is halved for Bitcoin-Halving. However, Zhao emphasized that he cannot predict the future with absolute certainty.
currently Bitcoin is about $ 30,420 and has recorded an increase of over 1 % in the past few days. The exact prediction of the Bitcoin price is a challenge due to the complex nature of the market and its dependence on supply, demand and external factors. However, technical analyzes indicate that Bitcoin has the potential to move beyond the resistance of $ 31,000 and possibly reach the 32,500 to $ 34,150 mark. On the underside, the support levels are around 30,300 and possibly $ 29,650.
A remarkable development is the growing number of new Bitcoin addresses. Glassnode, a provider of on-chain data, has revealed that the number of new addresses in the Bitcoin network has recently increased to a three-month high. This indicates significant growth of user activity and interest in Bitcoin. At the same time, the total amount of fees paid for BTC transactions has fallen to the lowest level in four months. This could indicate that the activity in the trade in Bitcoin has decreased.
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