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$BTC Bitcoin hitting $200K this year ‘very improbable,’ says analyst
Bitcoin is unlikely to reach $200,000 this year as buying volume isn’t increasing enough to keep pushing the price higher, according to a crypto analyst.
It comes after several industry executives have recently speculated that Bitcoin
BTC
$118,315
will soon hit $200,000.
“How on earth can we be going up when there is no volume?” Glassnode lead analyst James Check said in an interview on Tuesday.
$200,000 by year-end is “a big move”
“$200,000 in six months is a big move — that’s a big move,” Check said. He added that it would almost double Bitcoin’s current market capitalization of $2.38 trillion, given its price of $119,541 at the time of publication, according to Nansen.
“Could it happen? Absolutely. Is it likely to happen? Very improbable.”
“Until I see that volume kick in, until I feel a bit more confident, I am certainly not going to put on any levered positions,” Check said. “I’m probably not going to go out on the risk curve until I see that the market is stabilized.”
$BTC Robert Kiyosaki Reveals When He’ll Buy More Bitcoin—And When He’ll Stop Buying plan, signaling massive upside potential while eyeing the next major pullback.
Robert Kiyosaki Shares His Bitcoin Buy Trigger—And His Stop Point #BTC
Btc Short trading signals $BTC #Mystrategyevolution Meta CEO Mark Zuckerberg once made headlines after revealing he owned two goats — one of which is curiously named "Btc" At the time, the crypto community buzzed with speculation: Was Zuckerberg secretly a Bitcoin maximalist? Did Meta have plans to add BTC to its balance sheet? Was this a signal?
Now, with Bitcoin (BTC) trading near $110,000, the internet is once again amused: if Zuckerberg’s goat “Bitcoin” were literal, it would now be worth over six figures.
Bitcoin is nearly double where it was a year ago. This is what's behind the run #tradingstrategymistakes traded around $116,000 on Tuesday, falling back from a historic surge that briefly sent the world's largest cryptocurrency past $123,000 for the first time.
Even with the pullback, the cryptocurrency is still trading at nearly twice its level from a year ago.
Unlike previous cycles, the record run isn't being driven by retail mania or meme-stock energy. This move is being powered by structural demand, shifting macro positioning and a wave of Wall Street adoption that's playing out in real time.
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