According to the latest market analysis, the price of Bitcoin may experience three significant increases in the second half of 2025, potentially reaching a high of $145,000 by the end of the year.

On August 7, the price of Bitcoin was approximately $114,715. Three waves of increase are expected in the coming months:

First wave (mid-August to early September): Prices may rise from $114,000 to $122,000, an increase of about 7%. This surge could be driven by expectations of an Ethereum spot ETF and capital inflows.

Second wave (early October to early November): Prices are expected to rise from $122,000 to $134,000, an increase of nearly 9.8%. This phase of the rise may be related to the upcoming US elections and the strengthening expectations of cryptocurrency-friendly policies.

Third wave (mid-December to the end of the year): Prices are expected to rise from $134,000 to $145,000, an increase of about 8.2%. This surge may be influenced by expectations of the Federal Reserve's interest rate cuts, year-end ETF fund settlements, and investors' chasing sentiment.

The main factors supporting this prediction include:

1. Federal Reserve Policy Expectations: Economic data shows signs of slowing, and the market expects a potential interest rate cut before the end of the year, which usually stimulates the price increase of assets like Bitcoin.

2. Factors of the US Election: If a pro-cryptocurrency candidate is leading, it may have a positive impact.

3. Institutional fund adjustments: Year-end ETF settlements and rebalancing may increase demand for Bitcoin.

4. Technical and psychological factors: $145,000 is considered an important resistance level, and breaking through this level may lay the foundation for a new cycle.

Overall, the expected total increase is about 27.2%, from the current $114,715 to a target of $145,000 by the end of the year. However, investors should be aware that the cryptocurrency market is highly volatile, and actual trends may differ from expectations.