Has the Bitcoin Price Rally Ended? Analysts Consider

10x Research and CEO cum Head of Research, Markus Thielen, recently took a more cautious stance on bitcoin (BTC), prompting a reevaluation of market conditions. Has Bitcoin peaked? Analysts have discovered worrisome signals In the market update announced on December 29, 2024, the company acknowledges the potential recovery of cryptocurrencies, however, emerging new technical models indicate that the market may be entering a new phase. 10x Research is a digital asset research service for asset managers, asset managers, and cryptocurrency service providers. Over the past two weeks, 10x Research has raised questions about whether the bitcoin market has reached its peak or not. Analyzing the historical price action of markets, including 2017 and 2019, reveals a recurring trend: subsequent to the initial month's price surge, profit-taking occurs at the end of the month. This behavior often signals subsequent phases of market appreciation. In December 2024, a "shooting star" candlestick pattern—a price decline indicator characterized by a long upper wick and a small body—was observed. Historically, this pattern has signaled market peaks, notably in December 2017 and November 2021. Thielen explained that the star pattern is an important technical signal that "acts as a reversing signal for declining prices, indicating that buying pressure is weakening and the possibility of a price reversal". Please provide the text to be translated. Bitcoin has surged to a new all-time high of $108,364 on December 16, 2024, before dropping to a closing price of $92,000. Analysts at 10x Research emphasize the importance of the support range of $90,000–$92,000. Breaking below this range could lead to a significant decline. "While there may be a price surge in early January 2025, possibly leading up to Trump's inauguration, another round of profit-taking at the end of the month could confirm that the comet in December 2024 signaled at least an interim peak," explained Thielen's report. Please provide the text to be translated. Despite the signs of a price decline, 10x Research and Thielen still maintain that the current market rally is not over yet. However, entering 2025, investors should expect increased volatility, with the possibility of sharp price increases and sell-offs shaping the year. Another prospect declares 'Bitcoin's price surge is 80% complete' Research 10x emphasizes that mastering risk management will be the key to strong development in a constantly changing market environment. When bitcoin ventures into a more challenging trading area, investors must closely monitor technical indicators and maintain their discipline. Furthermore, there are different opinions between various researchers and analysts. X Crypto Birb account, from The Birb Nest, a trading education center, fundamental analysis, and direct trading strategy, declared that the price increase phase has ended more than three-quarters. "Bitcoin will reach a peak of $225,000 or higher in June 2025", Crypto Birb wrote. "The price surge of Bitcoin has completed 80%. The remaining 20% will be the most interesting. The altcoin season will truly happen after BTC reaches its peak. Don't take screenshots. Recognize profits and run before the end of 2025. 2026 is a bear market (loses 80-90%). (Big release on December 27 - the marked day)." Please provide the text to be translated. Account X, named Tutor, claims that the current bitcoin price increase is in a magnificent ending phase. "We are in the third consecutive year of bitcoin price increase, historically this is the final action of a price increase. The challenge of 2025 will be: Emotional decision-making (staying in the market with the belief that it will rise to $1 million when considering the development of FA) versus rational decision-making (timely exit from BTC based on the chart)," Tutor explained. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)