Bitcoin is unlikely to reach 200,000 dollars in 2025, says the encryption analyst

Bitcoin is unlikely to reach $ 200,000 this year because the purchase does not increase enough to continue to pay the price up, according to an encryption analyst.

This comes after many of the industry executives have recently speculated that Bitcoin (BTCIt will soon reach $ 200,000.

“How can we rise when there is no size?” Glassnode Lead James Check He said In an interview on Tuesday.

$ 200,000 by the end of the year is a “big step”

“$ 200,000 in six months is a big step – this is a big step,” said Check. He added that it would increase the current market value of Bitcoin of $ 2.38 trillion, given its price of $ 119,541 at the time of publication, According to To Nansen.

“Can this happen? Certainly. Will it happen?

“Until I see this folder kicks, so I feel a little more confident, because I will definitely not put any lever situations,” said Check. “Maybe I will not get out the risk curve until I see the market has settled.”

Chic said that the first phase of Bitcoin, which reaches $ 200,000 is that it exceeded $ 120,000, which she did on July 14, but he claimed that he still had multiple stages.

Then we will reach 130 dollars, 40 and 50 [thousand]He explained that there is one thing to get there, it’s another thing to stay there. “

He warned that if Bitcoin rises very quickly without strong and stable support, the price may decrease with the same speed. He said: “You need to continue;

However, verification admitted that “no one knows” where the bitcoin price is heading.

However, he is still optimistic, with most of his clear wealth in Bitcoin, and it is believed that within five years, it will be “really good and” higher than the price of $ 200,000.

Bitcoin to $ 200,000 in 2025 popular call

Meanwhile, many other analysts are optimistic about Bitcoin opportunities to reach $ 200,000 by the end of 2025, when some made the call late last year.

In May, Hogan died, Bitwise chief investment officialsBitcoin said Bitcoin would reach $ 200,000 by the end of 2025 due to the shock of the offer from the high institutional demand.

Anonymous analyst APSK32 He also sees a $ 200,000 goal in 2025Noting the long -term trend patterns.

Related to: Bitcoin wars operate, but the goal of the BTC price remains $ 140,000

APSK32 said: “Looking at two -year sectors focused today, 4, 8 and 12 years old. The price was made using Trendline Power Curve. With the expectation of $ 200,000 Bitcoin+ in the fourth quarter,” said APSK32.

Bernstein’s research was Expectations of $ 200,000 by the end of 2025 Considering since October 2024, with the support of increasing institutional demand through Bitcoin etfs spot and Treasury companies BTC.

However, Rekt Capital He said earlier this month that Bitcoin He may have just a few months of expansion of prices in the course, especially if he follows the same historical style of 2020.

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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.