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Isn't 2025 this year?! Can it reach 220,000?! Then why isn't everyone getting up?!
Analyst: Bitcoin may rise to $220,000 by 2025
Cryptocurrency analyst Apsk32 stated that Bitcoin following gold to reach new highs is a popular theory among bullish investors. Historically, Bitcoin tends to follow gold's rise a few months after gold increases. With gold prices soaring to a historic high of $3,500 per ounce, the future price trajectory of Bitcoin also looks brighter. Apsk32 mentioned the concept of "momentum curve," which measures Bitcoin prices in ounces of gold to mitigate the effects of dollar inflation. If Bitcoin's network value (measured in gold) continues to evolve along the momentum curve while gold maintains its current price, and Bitcoin prices return to the leading support track from five years ago, we might see a target of $444,000 this year. However, this week, Apsk32 believes a more "reasonable" target price for 2025 could be around $220,000. He also noted that if Bitcoin prices break through $250,000, it would fall outside the expected range.
{future}(BTCUSDT)