Despite strong accumulation of Bitcoin ETF and DAT funds this year, the price of Bitcoin is not attracting the retail interest we saw in previous cycles. Well-known market analysts, such as Ki Young Ju, CEO of CryptoQuant, and experienced trader Peter Brandt, have presented the latest forecasts regarding Bitcoin.
Their opinions help to understand the prospects of Bitcoin in the short, medium, and long term.
Bitcoin price forecasts: Short-term outlook
In the short term, Bitcoin may continue to struggle to rebound. This weakness is evident in the declining reserves of stablecoins.
In this context, data from CryptoQuant shows that stablecoin reserves on major exchanges have sharply declined. Capital outflows reached nearly $1.9 billion in just 30 days.
Meanwhile, Binance, a leader among venues with the highest liquidity, often reflects investors' willingness to buy through stablecoin balances. However, data shows that ERC20 stablecoin reserves have sharply declined on Binance and other centralized exchanges. This trend suggests that retail investors are leaving the market. CryptoQuant analyst Darkfost wrote:
This movement indicates a clear lack of interest from investors in immediate exposure to the market. Instead of holding stablecoins on exchanges waiting for opportunities, some investors chose to withdraw them.
Therefore, the short-term Bitcoin forecast is straightforward. Bitcoin currently lacks adequate buying pressure, which limits its upside potential.
Bitcoin Forecast: Medium-Term Outlook
Regarding medium-term forecasts, Ki Young Ju, founder of CryptoQuant, noted that on-chain capital inflows to Bitcoin are gradually weakening.
The analyst explained that after about 2.5 years of growth, the realized capitalization stalled in the last month. This metric measures the total capitalization based on the most recent purchase price of each Bitcoin.
Data also shows that the PnL indicator signal, which tracks profits and losses based on the costs of all portfolios, has been moving sideways since the beginning of 2025. The indicator began to trend downward at the end of the year, indicating increasing losses. Ki Young Ju predicted:
The renewal of sentiment may take several months.
What are the long-term prospects for Bitcoin?
The long-term Bitcoin forecast, as most analysts believe, remains optimistic. Peter Brandt, a renowned trader with experience dating back to 1975, maintains a bullish outlook.
In a recent post on platform X, Brandt stated that Bitcoin has experienced five logarithmic parabolic increases over the last 15 years. Each of them was accompanied by a decline of at least 80%. He believes that the current cycle has not yet ended.
When asked about the timing of a potential bottom, Brandt did not provide a specific answer. However, he predicted that the next bullish peak could occur in September 2029.
His Bitcoin forecast thesis is based on historical performance. Subsequent market cycles usually last longer and yield smaller percentage gains than earlier ones.
In summary, leading analysts suggest that Bitcoin may need several months to recover. However, a new historical peak is unlikely to occur quickly.
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