As for your prediction of $200k above this year I don’t also agree with that because this year is predominantly a bearish year and there won’t be much time for such highs. But in the next cycle that’s after next halving yes I expect bitcoin to go higher to this levels.
$200k is very possible in my opinion, even if this years seem to be a year we will experience the downside, yet we are not certain about it.
I will give you an instance based on true events. In December 2022, the price of Bitcoin was around $20k to $20k, and it doubled the next year, 2023, to around $50k to $60k. In 2024, the price reached A$70k, 2025 - $120k, and you still think it can't reach $200k in 2026?
Note - The price value may not be accurate, but it is within that range.
The future is unpredictable, so there's still a possibility Bitcoin could reach $200k before the end of 2026. But in your example, did you know that before Bitcoin rose from $20k to $50k, it had fallen from $69k to $15k between November 2021 and December 2022?
Currently, are there any signs that the bear market has ended and Bitcoin has bottomed out? Not to mention, the global economy is in considerable turmoil due to war and inflation. Money is flowing out of risky assets and concentrating in safe assets
Combining all these factors, it is clear that the likelihood of Bitcoin reaching $200k this year is extremely low
