Bitcoin Price: $200K in 2025? Analyst Casts Doubt
Bitcoin is unlikely to reach $200,000 this year, according to Glassnode lead analyst James Check, who cites insufficient buying volume to sustain such a price surge.
This forecast contrasts with recent speculation from other industry experts predicting Bitcoin (BTC) would soon hit $200,000.
Lack of Volume Concerns
In a recent interview, Check questioned the feasibility of such rapid growth: “How on earth can we be going up when there is no volume?”
Realistic Expectations
Check emphasized the magnitude of the predicted increase, stating, “$200,000 in six months is a big move.” Achieving this would nearly double Bitcoin’s current market capitalization of $2.38 trillion, based on a price of $119,541 at the time of publication.
“Could it happen? Absolutely. Is it likely to happen? Very improbable.”
Check stated he would not increase his risk exposure until the market shows stronger stabilization with increased volume.
He noted that while Bitcoin surpassed $120,000 recently, further milestones are necessary to reach $200,000. "Then we gotta get to $130, and 40, 50 [thousand], and it’s one thing to get there, it’s another thing to stay there,” he explained.
Check cautioned that a rapid price surge without solid support could lead to an equally swift decline. "You need to follow through; otherwise, you’re trading through air, and you’re going to trade like it’s air on the way back down,” he said.
Despite his skepticism for the immediate future, Check acknowledged the inherent uncertainty in Bitcoin's price trajectory, stating that “no one knows” for sure. He remains bullish long-term, expecting Bitcoin to exceed $200,000 within five years.
Contrasting Optimistic Forecasts
Several analysts remain optimistic about Bitcoin reaching $200,000 by the end of 2025.
Bitwise CIO Matt Hougan predicted in May that Bitcoin would reach $200,000 by the end of 2025, driven by a supply shock resulting from increased institutional demand.
Anonymous analyst apsk32 also forecasts a $200,000 target in 2025, citing long-term trend patterns.
Bernstein Research has maintained a $200,000 forecast by the end of 2025 since October 2024, supported by growing institutional adoption via spot Bitcoin ETFs and corporate BTC treasuries.
Conversely, crypto analyst Rekt Capital suggested earlier this month that Bitcoin might have limited price expansion left in its current cycle, particularly if it mirrors historical patterns from 2020.
Disclaimer: This is not investment advice. Trading and investing in cryptocurrencies involves risk. Conduct your own research before making any decisions.
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