Could Bitcoin (BTC) Hit $200K This Year? On-Chain Indicators Suggest It's Possible

After reaching an all-time high of $123,400, Bitcoin is now in a technical correction phase, trading near $114,000 due to factors like inflation, tariffs, bearish technical signals, and liquidation events. However, data shows that Q4 is typically favorable for Bitcoin, and current market conditions and large stablecoin reserves could potentially boost its price.

CryptoQuant believes the market is still in a broader price discovery cycle which could push Bitcoin's price towards $200,000 by the end of Q4 2025. Institutions' interest in Bitcoin could further enhance its value. Predictions for Bitcoin's price range from $130K-$150K to as high as $1 million by the end of 2025, with bullish projections from Fundstrat’s Tom Lee, Tim Draper, Charles Schwab, and Mike Novogratz.