“We are entering the euphoria stage,” the specialists indicate.
Stony Chambers awaits an important rebound, before a new crypto -winter.
Will Bitcoin (BTC) reach its maximum cycle? Is the bearish market coming? For the Stony Chambers analysis firm, in effect, the BTC market is in the final phase of its upward stage.
The analytical company assures That the price of Bitcoin will experience an important rebound in the coming months, driven by a growing euphoria in the market, and arriving at prices never seen. However, they warn that This rally could precede a new crypto -winterthat is, a bearish market, already observed in the previous cycles.
The firm’s analysis reveals that euphoria signals are present in several aspects of the market, especially with the increase in initial public offers (IPO) or companies of companies, within the cryptocurrency sector. According to them, IPO tend to occur in the last stages of a cycle “because companies can raise capital in better conditions when the feeling is upward and of greater risk.”
“People buy somewhat indiscriminately because they think prices will continue to climb,” they say from Stony Chambers.
One of the most striking cases is the IPO of Circle (CRCL), which benefited from the normative clarity around Stablecoins with the approval of the genius law and reflected an assessment promoted by too optimistic expectationsthey say from the company.
Stony Chambers highlights that this entity, although it has a market capitalization of USD 39 billion, is being traded 25 times its sales, which generates doubts about the sustainability of its long -term business model, since such a high multiple suggests that investors are paying much more than the company is really earning in sales.
Other companies such as Strategy (MSTR) have continued with their great shares of shares in 2025, which has generated a generalized enthusiasm by investors, especially those interested in BTC, says Stony Chambers.
The following image shows the biggest IPO of 2025. Two of Strategy’s preferred offers are in the Top 10:
In turn, the firm emphasized the “institutionalization” of cryptocurrencies. He remembered that great investors and traditional companies, such as Blackrock, They are increasing their participation in Bitcoin and other digital assetswhich has reinforced the belief that cryptocurrencies are being more broadly accepted, causing euphoria and enthusiasm in the market.
As they see it from Stony Chambers, cryptocurrencies have become common and traditional institutions are now getting involved in this market.
This is what it raises:
“That MSTR is the best performance action compared to any other company in the S&P 500 is an incredible story. That Blackrock changes its focus and thrust for the ETFs of Bitcoin and ETH is an incredible story. The fact that the president and the first lady of the United States launch their own memecoins is an incredible story.”
Stony Chambers, investment company.
It adds to all this, in addition, the corporate tendency to create Bitcoin treasures and other cryptocurrencies. Examples such as Strategy and Bitmine Immersion stand out, which are the Companies with the greatest amount of Bitcoin and Ethher (ETH), respectively.
For the entity, this trend requires a huge amount of energy so that people can follow the rhythm, “which is precisely the reason why the market regime never lasts long.”
Although they clarify that the IPO or the companies that adopted cryptocurrencies will not cause a bearish market, either by massively selling their holdings or by committing fraud, they argue that the proliferation of these entities “It is a sign of approximately at which stage we are in the cycle. ”
In that order of ideas, the above makes clear, according to Stony Chambers, that the market is reaching a point of euphoria, one in which the entry of new investors (and capital, of course) It could be marking the end of this bullish cycle.
What price will Bitcoin arrive?
Based on the above, the Stony Chambers firm continues to recommend the purchase of Bitcoin. Its prediction establishes that the price of BTC could exceed USD 175,000 before 2026and to the USD 300,000 in a bullish case.
However, the analysis also mentions that the risks should not be ignored. Uncertainty in the macroeconomic panorama, such as the possible new commercial rates by the United States, as well as political uncertainty, They could affect the stability of financial markets in general And, therefore, the price of Bitcoin, as has happened in the past.
The general consensus, according to analysts like Willy Woo, is that Bitcoin’s upward cycle is in its final phase, But this does not mean that the price cannot continue to grow before a correction. Woo has pointed out that institutional flows to Bitcoin continue to be a key factor in demand and increased price.
For example, analyst Ryan Lee of Bitget Research, suggests that the price could even exceed the USD 130,000 towards the end of 2025. While banking entities such as Standard Chartered estimate that the upward cycle could extend beyond 2025, taking BTC at $ 300,000 in 2026, $ 400,000 in 2027 and 500,000 dollars in 2028, stabilizing until 2029.
Thus, for the Stony Chambers firm it is plausible to wait for Bitcoin to experience a last phase of growth in the short term, before the market faces a setback.
