Bitcoin Unlikely To Reach $200K In 2025, Says Crypto Analyst
Bitcoin is unlikely to reach $200,000 this year as buying volume isn’t increasing enough to keep pushing the price higher, according to a crypto analyst.
It comes after several industry executives have recently speculated that Bitcoin (BTC) will soon hit $200,000.
“How on earth can we be going up when there is no volume?” Glassnode lead analyst James Check said in an interview on Tuesday.
$200,000 by year-end is “a big move”
“$200,000 in six months is a big move — that’s a big move,” Check said. He added that it would almost double Bitcoin’s current market capitalization of $2.38 trillion, given its price of $119,541 at the time of publication, according to Nansen.
“Could it happen? Absolutely. Is it likely to happen?…
