• Bitcoin shows early signs of a mirror pattern from 2020, hinting at volatility and opportunities.
• MSTR (Strategy) stock is trading below its theoretical Bitcoin-backed valuation, signaling potential upside.
• Industry voices remain divided, with projections ranging from cautious optimism to ambitious targets.

The Bitcoin market in 2025 is drawing comparisons to the dramatic swings of 2020. Traders like Merlijn The Trader point out that the current setup mirrors the previous cycle: a sharp pre-pump decline followed by a major rally.

According to his assessment, the market experienced “the same pain, the same setup, the same window,” suggesting a familiar pattern of volatility. While many traders remain passive, this phase could represent a critical opportunity for those prepared to act.

On the technical front, BTC has been holding onto key structures. Daan Crypto Trades notes that while the latest monthly candle isn’t ideal, it’s not the worst scenario either. The larger timeframe still suggests structural stability.

However, bulls would prefer to avoid revisiting the $80,000 range, which could indicate weakening momentum.

December historically brings heightened market activity, often marked by increased volatility, particularly in the final month of the year. This aligns with patterns seen in prior cycles where market swings intensify as the year closes.

Also Read: Bitcoin Dips Early December, Eyes $100,000 if Resistance Breaks

Bitcoin Outlook Remains Optimistic Among Influencers

Despite recent moves, legendary players in the crypto world believe Bitcoin has a very bright future. 

Arthur Hayes, the co-founder of BitMEX, believes Bitcoin’s price will remain at $250,000 as he projected it. With a little over a month to go, Hayes still believes that gains of 170% could be possible.

He lists catalysts that may push such gains to fruition, making the case that, in other words, Bitcoin either hits this level or it doesn’t; there is no middle ground. 

The pair of bold predictions illustrates a widening divide between cautious traders and those who see rapid upside.

Strategy (MSTR) Provides Insight Beyond Bitcoin

Beyond Bitcoin, publicly traded companies such as Strategy (MSTR) offer some visibility into market sentiment and possible value opportunities.

According to on-chain data platform CryptoQuant, Strategy has 649,870 BTC at an average price of $74,432 per coin. At the moment (or when MSTR’s market price is below its hypothetical value due to its holdings).

MVRV ratio is at 1.22, representing a 22% rebound from the underwater zone, but unfortunately, it’s heavily down right now, entering into historical undervaluation zones.

Stocks that enter the lower band do not always rebound, but momentum stocks entering the lower band have a very high historical likelihood of rallying back up to fair value. The fall in Strategy is greater than the loss in value of holding Bitcoins, making it comparatively cheaper.

If history does repeat, the level could be one of the most important turning points for years to come, potentially giving investors a unique chance to buy an asset backed by Bitcoin on the cheap.

Also Read: Bitcoin (BTC) Giant Strategy Builds $1.44 billion Cash Cushion as Holdings Reach 650,000 BTC