$BTC Bitcoin heading to $199K: reality or hype?

- Context: Optimistic projection from Citi on BTC.

- Suggested angle: Explore what factors could drive that price (halving, institutional adoption, geopolitics).

- Extra: Include historical charts and expert opinions to give it more weight.

#tradingview Current price: approximately $118,206.61 USD

- Range in the last 24 hours: between $114,910.03 and $118,573.65

- Market capitalization: over $2.35 trillion USD

- Trading volume (24h): around $60.45 billion USD

- Circulating supply: 19.89 million BTC

- All-time high: near $122,688.73 USD

- Monthly change: +9.8%

- Annual change: +74.0%

#TraderEducation To reach $199,000 USD, Bitcoin would need to rise approximately 68% from its current price.

- This type of projection has been mentioned by analysts like Citi, based on factors such as:

- The upcoming halving (reduction in mining reward)

- Increased institutional adoption

- Programmed scarcity of supply