đđ Analyst Predicts $200,000 Bitcoin ( $BTC ) Price, Yet Expects Post-2025 Timeline
đ Analyst Predicts $200,000 Bitcoin Price
Crypto analyst Sminston With predicts Bitcoin (BTC) could surpass $200,000, though this may not happen until after 2025. The prediction came as BTC failed to hit the $70,000 mark.
đ Bitcoin Decay Model Suggests Higher Highs
With posted on October 21, suggesting BTC could hit between $199,106 and $207,623, using the Decay Channel model. This model offers an alternative to the Rainbow Chart and Stock-to-Flow models, accounting for diminishing returns as Bitcoin matures.
đ On-Chain Data Offers Caution
Despite bullish predictions, on-chain data from the Bitcoin Cycle Top Indicator shows a potential top of around $114,256, based on the 350-day Simple Moving Average (SMA).
đĄ Slower Adoption Limits Growth
Jurrien Timmer noted that Bitcoin's adoption curve is lagging behind gold's, which could limit rapid price acceleration in the near term.
đ» BTC Price Prediction: Potential Drop Below $63,000
Bitcoin recently failed to break out of a rising parallel channel, trading below $67,000. The Relative Strength Index (RSI) suggests bearish momentum, which could lead to a drop to $62,995. If momentum turns bullish, BTC could rise to $69,400 or even $73,000 in the short term.
