Crypto economist Tuur Demeester and Adamant Research believe Bitcoin (BTC) is entering a phase of quiet strength. In a new research, these analysts suggest this stage could come before one of the most powerful bull markets in its history. The research points to a mid-cycle stage where prices may still climb significantly, with projections indicating a possible rise of four to ten times from current levels. This could push Bitcoin’s value above $500,00 in the coming years Bitcoin Investors Hold Firm as Market Shows Steady Optimism The report says that experienced investors are holding onto their investments instead of selling, even when prices swing sharply. Large-scale holders have not shown the kind of selling patterns that usually appear near market peaks. Also, in-chain data shows no big coin movements that would suggest many people are taking profits. In the past, such movements often signaled the end of a cycle, but there have been no such signs in 2025. Another measure, the Net Unrealized Profit/Loss ratio, indicates that more than half of the Bitcoin supply is in profit. This range is associated with steady optimism rather than the excessive excitement that often precedes a market decline. Furthermore, the report noted that problems like big security breaches could briefly affect investor sentiment. However, past events, like major exchange hacks and large bankruptcy payouts, have had little long-term impact on crypto prices. Institutional and Policy Support Could Drive BTC Demand The report also pointed out that a large share of Bitcoin is held by big custodians like Coinbase, which could create centralization risks. However, the current United States administration supports Bitcoin adoption, making the risk of seizure low. In fact, recent policies have shown active support for Bitcoin adoption. These include creating a National Strategic Bitcoin Reserve and passing new laws to encourage Bitcoin use. The increasing inflow into spot Bitcoin exchange-traded funds (ETFs) also proves that crypto adoption is on the rise in the country. The report also says that the U.S. taking a strong pro-Bitcoin stance is pushing other countries to think about doing the same. This could spread interest worldwide and bring in more big investors. Analysts Say Bitcoin Could Lead the Market The authors kicked against holding other cryptocurrencies apart from Bitcoin. They argued that Bitcoin’s network strength, security, and design make it far better than other alternatives. They compare Bitcoin to the base layer of the internet, saying that other projects like Ethereum (ETH) or Ripple will lose importance over time. Unfavorable economic conditions are also supporting Bitcoin’s growth. Inflation and rising government debt are making people lose confidence in traditional investments. Falling trust in bonds and reduced interest in real estate are pushing more money toward liquid assets with low counterparty risk. Additionally, Tuur Demeester and Adamant Research also advised investors to choose their allocation based on risk tolerance. The post Analysts Say Bitcoin Shows Mid-Cycle Strength With More Upside appeared first on TheCoinrise.com .