On August 14, 2025, Bitcoin, the world’s largest cryptocurrency, reached a historic milestone as its market capitalization briefly surpassed Google’s $2.45 trillion valuation. This achievement marks more than just a price record — it underscores Bitcoin’s evolution into mainstream financial infrastructure.
Bitcoin dropped below $114,000 today after reaching a record high above $124,000 last week. The retreat followed hotter-than-expected U.S. producer price data, which reignited worries over tariff-driven inflation. This decline comes amid broader market pressures, as the entire crypto sector faces a mix of profit-taking, leverage unwinds, and uncertainty around Federal Reserve policy—challenges that are testing even the most optimistic investors.
The crypto market witnessed liquidations totaling over $1 billion in recent days, with $270 million wiped out in a single session. However, crypto experts point to Bitcoin price prediction models indicating the coin could reach $200,000 by the end of 2025. Here is the complete analysis from CoinpediaMarkets’ analysts.
Bitcoin Current Market Updates
1. Price: $113,592.23
2. Market Cap: $2.26T
3. Price Change in Past Week: -4.66%
4. Price Change in Past Month: -4.35%
5. 24-hr trade volume: $72.07B
6. Circulating supply: 19.9M
Technical Analysis: Key Levels Every Trader Should Watch
Bitcoin is consolidating near $113,700 after pulling back from its $124,474 high. The RSI (43) and Stochastic %K (14) show neutral momentum, suggesting indecision. However, short-term signals lean bearish, with Momentum (−5,604) and MACD (−72) flashing sell signals. Moving averages confirm weakness as price trades below the 10-day EMA ($116,284), 10-day SMA ($117,582), and 20-day EMA/SMA (~$116,500), forming a strong resistance zone.
BTC is testing the trendline formed since mid-April, yet the overall structure remains bullish. The 50 EMA has consistently acted as a shield for buyers over the past four months and is still intact. Even if the price breaks the trendline, strong support sits around $112,000, aligned with the 23.6% Fibonacci retracement.
Above this zone, any pullback can be treated as a buyback opportunity, with upside targets at $120,000 and $124,000. The 200 EMA near $103,000, combined with the psychological $100,000 level, creates a solid reaccumulation base. Only a decisive drop below this range would shift sentiment toward a bearish outlook.
If Bitcoin holds the key $110,000 support, a retest of $124,000 and a potential push toward $200,000 remain likely. A break below $110,000 could trigger a deeper pullback toward $100,000, where the 50-day EMA aligns with major support.
Key Fundamental Analysis
1. Macro Forces Could Drive Bitcoin’s Next Parabolic Move
We believe broader macroeconomic trends may provide strong tailwinds for Bitcoin’s rally. Satraj Bambra, CEO of Rails, points to key bullish catalysts:
The U.S. Federal Reserve’s expanding balance sheet.
Anticipated rate cuts in late 2025.
A potential policy pivot under new Fed leadership in response to tariffs and slowing growth.
“I see Bitcoin entering a parabolic phase toward $300K–$500K, fueled by two major forces,” Bambra noted, citing a weakening U.S. Dollar Index (DXY) as an early signal of the shift.
2. Spot Bitcoin ETFs Catch Up to Gold
Ecoinometrics notes that in 2025, spot Bitcoin ETFs have captured 70% of gold’s net inflows, a dramatic shift from the sluggish start earlier in the year. BlackRock’s IBIT ETF alone has accumulated over 700,000 BTC, overtaking MicroStrategy’s holdings and strengthening Bitcoin’s position as a dominant store-of-value alternative.
3. Institutional Tsunami Driving Unprecedented Demand
Unlike past cycles fueled by retail speculation, the current Bitcoin rally is institution-led. A remarkable 86% of institutional investors now hold or plan to allocate to digital assets, with 84% increasing their crypto exposure in 2024. BlackRock’s IBIT surpassing $90B AUM, Bitcoin ETFs now collectively hold around 1.48M BTC worth over $170B — cementing Wall Street’s confidence in the asset.
MicroStrategy has intensified its accumulation strategy, purchasing 21,021 BTC worth about $2.46 billion. Its total holdings now reach 628,800 BTC valued at over $76 billion, solidifying its position as the world’s largest corporate Bitcoin treasury.
This approach is quickly gaining traction, with more than 200 companies adding crypto to their balance sheets.
4. Trump Administration Opens Door to $12.5 Trillion Market
President Trump’s groundbreaking executive order permitting 401(k) retirement plans to include cryptocurrencies signals a transformative shift for the industry. This move could unlock access to the $12.5 trillion sitting in U.S. retirement accounts, opening a powerful new source of demand.
The order directs the Labor Department to reassess its stance on alternative assets in retirement portfolios, including private equity, real estate, and digital assets. While full implementation may take time, the mere prospect is already driving heightened institutional optimism.
5. Industry leaders who believe in $200K BTC
Arthur Hayes, co-founder of BitMEX, projects Bitcoin could surge to $250,000 in 2025 if the Federal Reserve shifts back to quantitative easing.
Mena Theodorou, co-founder of Coinstash, expects the move toward $150,000 and beyond may happen sooner than many anticipate.
Standard Chartered has set a year-end 2025 target of $200,000, while Citigroup forecasts up to $199,000 under favorable conditions. Supporting these outlooks, quantitative models place Bitcoin’s fair value near $230,000 based on current sovereign debt levels.
Conclusion
Bitcoin’s potential to hit $200,000 by the end of 2025, with some making the prediction as early as last year. In May, Matt Hougan, CIO of Bitwise, projected Bitcoin would climb to $200,000 by year-end 2025, citing a supply squeeze fueled by rising institutional demand. Bitcoin has surged more than 60%, climbing from $76,273 on April 9, 2025, to $124,457 on August 14, 2025. According to Coinpedia analysts, the path to $200,000 would require an additional 76% gain — a move that appears achievable when viewed against long-term trend patterns supporting this target. Still, these are only projections. Always do your own research before investing.