#BTCNextATH As of March 02, 2025, Bitcoin (BTC) is trading at approximately $84,885, reflecting a recent decline from its all-time high of $109,350 in January. This downturn is attributed to factors such as economic uncertainties, including recent tariff announcements by President Donald Trump, and significant security breaches like the $1.5 billion hack of the Bybit crypto exchange.

Despite the current bearish trend, several analysts maintain a bullish outlook for Bitcoin's future. Bernstein analysts have revised their price target, forecasting that Bitcoin could reach nearly $200,000 by the end of 2025, driven by strong inflows into spot U.S. Bitcoin exchange-traded funds (ETFs) and increased institutional adoption. Similarly, Anthony Scaramucci, head of a leading crypto ETF, predicts that Bitcoin will reach $200,000 in 2025, with potential U.S. reserves for the cryptocurrency.

However, some experts advise caution in the short term. Standard Chartered's head of crypto research, Geoff Kendrick, suggests that Bitcoin could experience a further 10% decline, potentially dropping to the early $80,000s, before resuming its upward trajectory.

In summary, while Bitcoin is currently experiencing a downturn influenced by macroeconomic factors and security concerns, long-term projections remain optimistic, with potential for significant gains by the end of 2025.