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 industry executives have recently speculated that Bitcoin (BTC) 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 must reach $ 130, 40, 50 (thousand), which is one thing to get there, it’s another thing to stay there,” he said.
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, Matt Hogan, chief investment official in BitWise, said that Bitcoin will reach $ 200,000 by the end of 2025 due to the shock of the offer from the high institutional demand.
Anonymous analyst APSK32 also witnesses a $ 200,000 goal in 2025, pointing to 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 Research has had $ 200,000 expectations of the end of 2025 since October 2024, supported by an increase in institutional demand through investment funds circulating in Bitcoin and BTC Treasury companies.
However, the Rekt Capital said earlier this month that Bitcoin may not have only a few months of expansion of prices in the course, especially if it has followed the same historical style since 2020.
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