$BTC Bitcoin's Price Outlook (2025)

BTC is currently trading around $118,100–$118,300, hovering just a few percent below its all‑time high of approximately $123,100 reached in mid‑July 2025 . Analysts remain split: Citigroup projects a bullish scenario up to $199,000, while a bearish case finds BTC possibly falling back toward $64,000 if demand wanes . According to Citi, ETF inflows and regulatory clarity are the primary drivers—pricing forecasts now emphasize adoption and institutional demand over traditional metrics like mining cost or stock‑to‑flow .

In the short term, if ETF momentum persists and regulatory frameworks (like the Genius Act and Clarity Act in the U.S.) continue to favor crypto adoption, BTC could push toward $125,000 or higher. But if sentiment shifts or macroeconomic pressures rise, a pullback to around $110,000 or lower cannot be ruled out.

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