Bitcoin expected to reach 200,000 USD by the end of the year?

Recently, an analyst named apsk32 pointed out on platform X that despite facing increased tariffs from the United States and global geopolitical tensions, the price of Bitcoin continues to closely follow historical cycle patterns, surprising many market observers. The analyst believes that if this cycle continues, Bitcoin could potentially peak in November or December this year, reaching a price of $200,000.

(Source: apks32)

The referenced Bitcoin momentum cycle cloud diagram indicates that, when measured against the price of gold, Bitcoin’s current bull market has not even truly begun.

Technical analysis and support level observation

In terms of technical charts, the current price of Bitcoin is approximately $117,000. If a short-term pullback occurs, the support range that the market is watching is between $111,000 and $108,000. These two levels will be important indicators to observe the bulls’ defensive capabilities; if they hold, it will lay the foundation for subsequent upward momentum.

QCP Capital stated that the upward momentum of Bitcoin after breaking through $122,000 is widely underestimated by the market, and this trend shows a “parabolic rise” without showing signs of fatigue.

Spot ETFs continue to attract capital, institutional participation is heating up.

According to CoinShares’ latest weekly data report, Bitcoin-related investment products saw a net inflow of $2.7 billion last week, raising the total assets under management to $179.5 billion, representing that Bitcoin’s asset scale has reached 54% of gold ETP for the first time, symbolizing a significant shift in capital allocation. In addition, the inflow of funds for Bitcoin spot ETFs exceeded $2 billion in just one week, further solidifying its position as a mainstream asset allocation choice, with institutional investors continuing to enter the market, providing solid support for mid-term price increases.

Market sentiment has明显 improved.

The Crypto Fear & Greed Index has quickly risen from 40 to 70 over the past three weeks, clearly reflecting a reversal in market sentiment. Investor sentiment has shifted from wait-and-see to active, which also makes Bitcoin’s price likely to break through previous highs.

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Summary

Comprehensive technical indicators, capital flow, and market sentiment observation suggest that Bitcoin does have the potential to challenge $200,000 in this market cycle. If ETF funds continue to flow in and global policies remain crypto-friendly, reaching a peak at $200,000 by the end of the year will no longer be just a fantasy, but could become the next page in history.