Bitcoin May Not Close at $250,000 This Year, But this Analyst is Convinced BTC Can Hit These Levels
2025-07-09 16:37:56
Main Idea
Bitcoin's price has rebounded above $100,000, with analysts providing mixed predictions for its year-end value, while ETF inflows contribute to its recovery.
Key Points
1. Bitcoin has returned above $100,000 after revisiting support levels at $98,286.
2. Pro-Bitcoin proponents like Robert Kiyosaki predict a $250,000 closing price, while others expect it to stay below $200,000.
3. Ryan Lee, Chief Analyst at Bitget Research, forecasts a 48.56% price increase, with potential values of $110,000-$115,000 in Q3 and $130,000-$160,000 by year-end.
4. U.S. Bitcoin ETFs recorded the largest single-day inflow of $588.6 million on June 28, marking 11 consecutive days of positive inflows.
5. Ether is predicted to reach $2,600-$2,800, with a long-term target of $5,500.
Description
Bitcoin has managed to return above the $100,000 price mark after revisiting previous support levels at $98,286. While somewhat mixed, market sentiments remain bullish as a handful of Bitcoin proponents have reiterated their conviction that the asset could reach previously unseen levels before the end of the year. Although the most bullish price forecasts for Bitcoin this year has typically started with a base price of $200,000, with pro-Bitcoin proponents like Robert Kiyosaki predicting $250,00...
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