Isn't 2025 just this year?! Can it reach $220,000?! Then everyone should get up and do something?!
Analyst: Bitcoin may rise to $220,000 by 2025
Crypto analyst Apsk32 states that Bitcoin, following gold, has reached new highs, which is a theory popular among bullish investors. Historically, Bitcoin tends to follow gold's rise a few months later. As gold prices soar to a historic high of $3,500 per ounce, the future price trajectory of Bitcoin also looks more promising. Apsk32 mentions the concept of a 'momentum curve,' which measures Bitcoin's price in ounces of gold to avoid the impact of dollar inflation. If Bitcoin's network value (measured in gold) continues to evolve along the momentum curve, and gold maintains its current price, while Bitcoin's price returns to the leading support level over five years, we could see a target of $444,000 this year. However, this week, Apsk32 believes a more 'reasonable' target price for 2025 may be around $220,000. They also noted that if Bitcoin's price breaks through $250,000, it would be beyond the expected range. $BTC