Galaxy Research Downgrades Bitcoin Forecast, Sees New Bull Run Starting

Following the recent market crash that triggered widespread liquidations and left the crypto market in a weakened state, Galaxy Research has revised its 2025 Bitcoin price target down to $120,000. The drastic move comes as the cryptocurrency continues navigating volatile conditions after an alarming October sell-off. This dramatic shift reflects the challenging landscape, marked by weak asset performance and the impact of market dynamics such as whale distribution and shifting investor sentiment.