The consensus on the price target of $200,000 for BTC is solidifying.
Joining Bitwise's perspective, an analysis from May 28 by Stockmoney Lizards highlights a bullish breakout indicator for Bitcoin.
The signal comes from the Optimized Trend Tracker (OTT), which was activated for the first time since mid-2024, suggesting that Bitcoin could reach $200,000 in 2025, with a possible extension up to $250,000.
Last month, Bitwise's CIO, Matt Hougan, told Cointelegraph that the price of BTC will reach $200,000 by the end of 2025, driven by a supply shock due to increasing institutional demand.
A "power law" model that has accurately predicted Bitcoin's peaks and troughs in past cycles also suggests that the price of BTC could reach $200,000 by year-end.
This article does not contain investment advice or recommendations. All investment and trading operations carry risks, so readers should conduct their own research before making a decision.
#BTC110KSoon? #StrategyBTCPurchase #USChinaTradeTalks
