Is $200k still possible for $BTC this year?

[Olamidetechie]

Let us talk about $BTC for now, do you think we can still attain $200K this year, because with the way things are going it seems the factors that can assist in making this possible are not really working. So if $BTC will reach $200k this year, what are the things u think must happen?

[Oshosondy]

If you have been visiting the speculation board, you will not need to ask this question because we have posted something like this on some new threads about what can be the ATH for bitcoin in 2025.

This is an example: https://bitcointalk.org/index.php?topic=5543124.0

If you check some other threads on speculation board, you will similar threads.

[betswift]

They are working, but not so fast as you would want them to work.

[Slimzeee]

When it comes to Bitcoin, there’s hardly any limit I can confidently place on its potential. However, for the sake of market stability and considering factors like financial decisions, the performance of the forex market (which also has an adverse effect on the crypto market), and the need for broader investor participation. I believe there could be a price correction. If that happens, Bitcoin’s price may dip temporarily, but it’s likely to recover. That said, I’m not entirely confident it will reach $200K by the end of the year.

[john_egbert]

When it comes to Bitcoin, there’s hardly any limit I can confidently place on its potential. However, for the sake of market stability and considering factors like financial decisions, the performance of the forex market (which also has an adverse effect on the crypto market), and the need for broader investor participation. I believe there could be a price correction. If that happens, Bitcoin’s price may dip temporarily, but it’s likely to recover. That said, I’m not entirely confident it will reach $200K by the end of the year.

$170K-$200K. Take it or leave it.

That's my thoughts, of course.

[lovesmayfamilis]

OP, you have a pretty interesting presentation of your answers. I've read a few, and you always answer in two ways, like in this thread. What factors are you talking about that should help Bitcoin grow to such a high price, but they don't work in your opinion? You should be more specific and not rush from black to white.

You may actually be right and also not fully right;

Let me say I'm confused and not also confused

 

[Olamidetechie]

OP, you have a pretty interesting presentation of your answers. I've read a few, and you always answer in two ways, like in this thread. What factors are you talking about that should help Bitcoin grow to such a high price, but they don't work in your opinion? You should be more specific and not rush from black to white.

You may actually be right and also not fully right;

Let me say I'm confused and not also confused

 

Lol sometimes i tried to sit at the fence just to know how people think about a topic because sometimes when u say something that it seems to be incorrect someone may get dragged, also talking about factors, CPI, war, news and Donald Trump

[DannyKhalifa]

Let us talk about $BTC for now, do you think we can still attain $200K this year, because with the way things are going it seems the factors that can assist in making this possible are not really working. So if $BTC will reach $200k this year, what are the things u think must happen?

Well, it's very tough to predict price and time together, it usually never works out.
But if we focus on BTC targets, the next targets to the upside would be around $120-130k area, 5k more or less as when things go that crazy, is not difficult to push the price with a couple of thousands more. However, looking at the current situation, I highly doubt that Bitcoin will push up from here without a consolidation, even though that the Quarterly chart, shows a bullish engulfing candle for the first time in BTC history.

[Doan9269]

Let us talk about $BTC for now, do you think we can still attain $200K this year, because with the way things are going it seems the factors that can assist in making this possible are not really working. So if $BTC will reach $200k this year, what are the things u think must happen?

First of all, what are the factors you think that may not contribute to getting at $200,000 as you mentioned, not that i believe we are going to arrive at $200,000 but interested in knowing those factors which you have single handedly pointed out for.

Now over to the second aspect that you said if we must get $200,000 what are the possible things to happen, there is nothing new or strange about the bitcoin market, its always volatile, the buying and selling rate plus its demand and supply determines which side it fall on at, other economic factors may also influence it on a short range.

[Dave1]

Let us talk about $BTC for now, do you think we can still attain $200K this year, because with the way things are going it seems the factors that can assist in making this possible are not really working. So if $BTC will reach $200k this year, what are the things u think must happen?

We will cross the bridge when we get there as the saying goes. So it's obvious that we need more money to pour in the market to be able to push it to $200k at least. I'm sorry to say but why are you so negative about it?

If you wanted to go to $200k then just be positive and that there will be more good news that will come along, regardless if it is FOMO or not, the best thing to think is that it can be done by ourselves, specially the average joe investors who are banking that Bitcoin is a good way to make profits for them.

[Dr.Bitcoin_Strange]

it seems the factors that can assist in making this possible are not really working.

Can you pin point what those factors were? If Bitcoin is meant to reach $200k this year, then it would but if it would not, there's no two ways about it. I don't want to be too far from a realistic price, that's why I have always stated that the highest price for 2025 could be around $150k+. Bitcoin price might not get to $200k this year unless different countries starts to invest hugely into Bitcoin.

[aoluain]

I'm not the best at analytics or mathematics but in my mind I'm working it out as follows:

For Bitcoin to essentially double in value to $200k it would need up to double its
invested capital, it we take the market cap ^{not sure if thats a good measure} of
approximately 2 trillion, I'm thinking it will need another 2 trillion input to get
the market to $200k and all within the next 7 months or so, its a big ask in such a
short space of time.

Somebody is likely to come on and set my post straight I think!

[Kelward]

it seems the factors that can assist in making this possible are not really working.

Can you pin point what those factors were? If Bitcoin is meant to reach $200k this year, then it would but if it would not, there's no two ways about it. I don't want to be too far from a realistic price, that's why I have always stated that the highest price for 2025 could be around $150k+. Bitcoin price might not get to $200k this year unless different countries starts to invest hugely into Bitcoin.

It would be good to state some factors that could assist Bitcoin to reach $200k but are not currently working, we might learn from it. The major factors as I know are demand and supply, there is no one particular event that can trigger it, whatever makes investors to buy and sell is what it is at any given time. We can speculate whatever price we want, we cannot control price to be what we want, what we can control is either to buy or sell. I've emphasized on some similar threads about ATH in this circle that my modest speculations for the peak of bull run is $150k. If I want to take profit in this bull season I'll not wait for $200k it might or might not happen.

[Outhue]

Let us talk about $BTC for now, do you think we can still attain $200K this year, because with the way things are going it seems the factors that can assist in making this possible are not really working. So if $BTC will reach $200k this year, what are the things u think must happen?

Bitcoin will reach 200k one day but might not be possible this cycle, maybe the next one but don't even try to bet on it, I don't know why anyone should be asking thus type of question now because this is the final run for Bitcoin before wr go into another long time bear market.

This isn't the time to start buying because you are buying the top and it's risky, I know many will say it's good for long term holding, I am not saying it's not but buying now is like turning yourself into an exit liquidity.

Some people did the same mistake in 2021 buying Bitcoin at $60,000+ thinking we are going to 100k, I would rather buy at the low 30s in 2026 than starting to buy now, I am almost out of my Bitcoin holding because i keep taking profit, it doesn't mean the end for my holding, I will always be back, at the right time.

[henry_of_skalitz]

I'm not the best at analytics or mathematics but in my mind I'm working it out as follows:

For Bitcoin to essentially double in value to $200k it would need up to double its
invested capital, it we take the market cap ^{not sure if thats a good measure} of
approximately 2 trillion, I'm thinking it will need another 2 trillion input to get
the market to $200k and all within the next 7 months or so, its a big ask in such a
short space of time.

Somebody is likely to come on and set my post straight I think!

As far as I know, the inflow of funds has never been bigger or close to $100B in a single quarter - to drive price so quickly so fast, only institutions can make it happen.

We need to keep people buying and hodling, but nuances would keep it a dream, sorta, though I think it will happen eventually.

[Alpha Marine]

I doubt BTC will reach $200k this year. It might get to $140k to $150k, but I doubt $200k. I believe we're at the last phase of the bull run, and from now until Q4, I don't think Bitcoin can reach $200k.
For Bitcoin to get to $200k this year, a lot of positive news needs to happen. For example, the talks of the Bitcoin reserve can become really serious. If a country like the US or other top countries like China agree to a bitcoin reserve and state when they will start buying, that could increase the demand for bitcoin.

[Zaguru12]

I doubt BTC will reach $200k this year. It might get to $140k to $150k, but I doubt $200k. I believe we're at the last phase of the bull run, and from now until Q4, I don't think Bitcoin can reach $200k.
For Bitcoin to get to $200k this year, a lot of positive news needs to happen. For example, the talks of the Bitcoin reserve can become really serious. If a country like the US or other top countries like China agree to a bitcoin reserve and state when they will start buying, that could increase the demand for bitcoin.

If you’re talking about the months that is remain for bitcoin to actually go to $200k this year I think that the months are enough to actually flip just that, we are only in the fifth month and basically have about seven months left for the year, a super bullish market can do that in just next five months, remember when the market got hyped during the bitcoin ETF approval Saga and it did pumped really then I think bitcoin in the past can still do that number. More so bitcoin had an impressive up price of +15% just in April alone, if it can do numbers like that then it can definitely go get there.

But personally my realistic prediction is bitcoin is not getting to that price because bitcoin is seriously not going to be volatile as in the past more so a quick pump to prices like $150k will result in two some holders taking profit just like we experienced after a six figure was achieved and once this happens it will causes corrections towards the last quarter of the year there by stopping the growth to $200k

[lionheart78]

So if $BTC will reach $200k this year, what are the things u think must happen?

I think the thing that must happen for BTC to reach $200k this year is for the US states to follow the lead of New Hampshire.  If all the US states approve the law on Bitcoin Reserve then there will be a huge amount of money flowing into the Bitcoin market.  It will definitely push the price of BTC due to the influx of demand.  Aside from that, the domino effect of this action will trigger a huge hype in the Bitcoin market making investors to FOMO.  Imagine huge amount of fund coming into the Bitcoin market from US states plus people/investors and institutions FOMO-ing...

With that happening, I think Bitcoin may exceed $200k this year.

[justdimin]

looking at the current situation, I highly doubt that Bitcoin will push up from here without a consolidation, even though that the Quarterly chart, shows a bullish engulfing candle for the first time in BTC history.

No one could expect bitcoin to be doing a 90 degree rally from anywhere; bitcoin is known for highly volatile even in its bullish years. These all boiling down to another pull back before making a strong rally toward a new peak for current scenario as well. Moreover, could you explain what is engulfing exactly and which time frame, you are spotting that?

other economic factors may also influence it on a short range.

Yeah, fundamentals of bitcoin is more stronger than most other economic factors to disturb the natural cycle of bitcoin market. It means we could expect bitcoin to do its usual rally after the halving. I hope fundamentals to win at the end of the day as usual like for any commodity.

[philipma1957]

Let us talk about $BTC for now, do you think we can still attain $200K this year, because with the way things are going it seems the factors that can assist in making this possible are not really working. So if $BTC will reach $200k this year, what are the things u think must happen?

don’t know but the money play from commercial mining ⛏️ makes me think 300k is more likely than 170-200k