Bitcoin price can hit $200k in 2025, but crossing $122k will be crucial

Bitcoin price performed well this week, passing the important milestone of $100,000 and rising to $104,000.

Bitcoin (BTC)’s rise comes as data shows continued investor appetite for the digital currency, even at a six-figure price. Specifically, data from SoSoValue shows that spot Bitcoin exchange-traded funds have seen net inflows of over $33 billion.

These funds now have a record $109 billion in assets after six consecutive days of positive inflows.

Analysts are optimistic that the coin will continue to perform well over the next few years. Analysts from Standard Chartered and BitWise predicted in separate notes that the cryptocurrency will reach $200,000 in 2025. Both pointed to strong institutional demand as supply fell.

Historical data supports the possibility of growth acceleration. For example, the Dow Jones index rose to $10,000 in 2000, then doubled to $20,000 in 2017 and reached $40,000 this year. Similarly, the S&P 500 index rose from 1,000 in mid-2008 to 2,000 in mid-2014, and then took seven years to double again.

In addition to institutional adoption, the price of Bitcoin may also increase as governments begin to purchase it. The US currently owns 198,109 Bitcoins, while China, the UK and Ukraine have 190,000, 61,000 and 46,000 coins respectively. Other top-ranking countries are Bhutan, El Salvador and Venezuela.

As geopolitical tensions are likely to increase during the Trump administration, more countries may consider purchasing Bitcoin. The US could also transform its assets into strategic assets under the leadership of newly appointed crypto czar David Sacks.

Bitcoin price techniques point to further gains Bitcoin price chart | source: crypto.news

Popular crypto analysts predict that BTC will reach $200,000, but the long-term chart shows potential resistance at $122,000.

The monthly chart shows that Bitcoin has just completed the formation of the cup and handle formation. The top end of this coupe was $68,858. He then created the branch between March 2024 and November.

This cup is down about 77%. So if we measure the same distance from the top of the cup, this means the coin will rise to $122,000. This means there is about a 25% upside from the current level.

This outlook overlaps with Elliot Wave patterns and suggests that a move to $122,000 will be the third wave, followed by a small fourth wave pullback and a final breakout to $200,000.

Therefore, although Bitcoin price will likely reach $200,000, it may face some volatility or a major pullback once it reaches $122,000.