FBS, one of theleading global brokers, has released a new market analysis asking the bigquestion: "Has Bitcoin’s bull run peaked — or is another major rally stillahead in 2025?".

According to the article, Bitcoin is now trading between$106,000 and $110,000. Some traders believe this is just a pause before thefinal surge, while others think the market may have already reached its highpoint.

FBS analysts saythis cycle follows a familiar pattern seen in the past. Historically, Bitcoinoften rises strongly about a year after its “halving” — a regular event thatreduces the new coin supply. The last halving happened in April 2024, andBitcoin has already grown over 600% from its 2022 lows. That growth is similarto what happened in past cycles.

“Bitcoin is holding strong, even during short-term drops,”FBS experts explain. “This shows demand is high — especially from largeinvestors and new ETFs.”

So far in 2025, Bitcoin ETFs in the US have attracted over$5 billion, and now manage more than $130 billion in assets. Many largecompanies are also buying and holding Bitcoin as part of their long-term plans.

However, there are also warnings to watch. Market sentimentis getting very optimistic — a sign that some investors may be acting out offear of missing out. Leveraged trading is on the rise again, which can lead tobig swings in price. Some analysts believe this may signal that the top isnear.

Global events add more uncertainty. In June, tensions inthe Middle East caused Bitcoin to drop suddenly, reminding traders that cryptostill reacts to fear and global risks. At the same time, new crypto regulationsin the US and Europe could either help Bitcoin grow — or slow it down,depending on how they are applied.

Despite these risks, many analysts remain positive. Bigbanks now expect Bitcoin to reach $200,000 by the end of 2025, driven by strongdemand, more investment, and easier monetary policy.

“Bitcoin could still climb higher — especially if the USstarts cutting interest rates later this year,” FBS analysts say. “But it’simportant for traders to manage risks and stay prepared.”

About FBS

FBS (https://fbs.com) is a global brand that unites severalindependent brokerage companies under the licenses of FSC (Belize), CySEC(Cyprus), and ASIC (Australia). With 16 years of experience and over 100international awards, FBS is steadily developing as one of the market’s mosttrusted brokers. Today, FBS serves over 27 000 000 traders and more than 700000 partners around the globe.

Disclaimer: This material does notconstitute a call to trade, trading advice, or recommendation, and is intendedfor informational purposes only.