Bitcoin Rises 25% Since Recent Low; Analysts Predict Prices Could Reach $50,000 or More by Year-End Amid Supply Squeeze

Bitcoin has experienced significant upward momentum, rising 25% since reaching its recent low. Analysts predict that this trend could continue, with expectations for prices to reach between $48,000 and $50,000 by the end of the year if the cryptocurrency breaks out further. Market sentiment is optimistic, with traders expressing confidence in a supply squeeze over the next 6-12 months. Additionally, some investors are positioning themselves for a strong performance in 2025, anticipating that uncertainty will diminish.