Bitcoin’s price has drawn significant attention as it continues to trade around $113,000, with some analysts expressing cautious optimism about its potential to reach $200,000 within the next 6 to 12 months [1]. Bernstein analysts believe that the U.S. is entering a “long, exhausting bull run” for cryptocurrencies, supported by regulatory reform and initiatives like the “Project Crypto” announced by the SEC [1]. These developments, combined with the introduction of the GENIUS Act and the potential inclusion of crypto in 401(k) plans, have bolstered the sentiment around Bitcoin and the broader crypto market [1].

Despite the positive outlook, Bitcoin experienced a recent pullback, with the price falling to around $113,000 amid…