Analyst predicts new BTC all-time high in 2025, citing 2020 parallels

Crypto analyst Kaleo, who has approximately 728,000 followers on X, suggested that Bitcoin's recent price movements are similar to those of autumn 2020 and forecasted that the asset will reach a new all-time high next year. In a post on X, Kaleo explained that in 2020, BTC was recovering from a major crash and had broken below a key long-term uptrend line. At the time, U.S. stocks, particularly in the tech sector, significantly outpaced Bitcoin's recovery following the COVID-19 crisis, while the altcoin market remained subdued. He noted that sentiment was so low that many believed Bitcoin was dead, yet a major bull run followed. The analyst believes Bitcoin is likely still in a long-term bull market and will not adhere to the traditional four-year cycle typically observed around halving events. Instead, he predicts that a new all-time high next year will usher in a new "supercycle." This cycle would be characterized by a more prolonged uptrend, a true altcoin season, and a new wave of retail investor enthusiasm. Kaleo added that while a longer bear market would likely follow, those who navigate the cycle will be able to endure it.