Can Bitcoin Still Hit $200K This Year?
Bitcoin (BTC) fell to a low of $82,725 (BTC/USD) today amid tariff concerns, making the second lowest point for the coin since November. Its lowest point was last week.
With Tuesday’s low price point, a trend has started to emerge that does not look good for the coin. Where a support level was being established around $100K, now that is dropping, and it looks unlikely that BTC will even pass $100K anytime soon. How likely is it that the coin will manage to achieve a price of $200K before the end of the year?
It is definitely less likely than it was last week. If Bitcoin only fell to its low of $78K a few days ago and then managed to stay high, we would consider that drop a fluke. Instead, a pattern is developing that is alarming investors, and it may cause them to drop Bitcoin in droves. The tariff problem is likely to become worse before it gets any better.
About $104 billion in liquidation took place just in the last 24 hours, which indicates that many investors are bailing. They are tired of waiting on Bitcoin to shoot past $100K and reach a new record high.
Is Bitcoin Still Worth Investing in?
Bitcoin could still rebound later this year, but for now, it is going through a rough period. The tariff fears may subside over the next few weeks, although we expect the situation there to get worse before it improves.
What will happen to the Bitcoin price in the very near future? Our first expectation is that the price will correct and it will gain back some of its recent drastic losses. With Trump focusing on tariffs right now, it seems like he has little time to deal with Bitcoin fallout and the damage being caused to the cryptocurrency industry. When he does finally address that and change up the regulatory framework for crypto as promised, then we should see Bitcoin spike.
This should simply be a matter of time, and as Bitcoin jumped from $68K to $106K following the election, it could make a similar jump later this year. Will that be enough to move the ocean to $200K before 2026 arrives? We doubt it at this point. We are now into the third month of the year, and Bitcoin has lost much of its progress from November-January. If Trump makes some moves to help crypto, then Bitcoin could move much higher this year, but $200K seems out of the question at this point. It is more likely that the coin will end up somewhere below $150K by the end of 2025.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals