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Analyst: Bitcoin Could Rise to $220,000 by 2025

6 hours ago

On May 16th, as reported by Cointelegraph, cryptocurrency analyst Apsk32 declared that Bitcoin has achieved a new high following gold. This theory is highly favored among bullish investors. Historically, Bitcoin has a tendency to rise after gold has been on an upward trend for several months. With the price of gold surging to a historical high of $3,500 per ounce, the future price trend of Bitcoin has also become more optimistic. Apsk32 mentioned the concept of the "Power Law Corridor," which measures the Bitcoin price in terms of gold ounces to reduce the impact of USD inflation. If Bitcoin's network value (measured in gold) continues to develop along the Power Law Corridor and gold maintains its current price while the Bitcoin price returns to the five-year leading support track, this year's target could reach $444,000. However, this week, Apsk32 believes that a more "reasonable" target price for 2025 is around $220,000. He also stated that if the Bitcoin price exceeds $250,000, it will be considered above the expected range.
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Binance Wallet Launches SUI Ecosystem Trading Competition on Alpha Platform, Total Prize Pool of $1.7 Million

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Sophon, a modular blockchain project, has announced that the SOPH token will be issued in May.

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Bitcoin Surges Past $104,000

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Market News: Trump to Attend Bill Signing Ceremony Next Tuesday at 3 AM

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Believe Founder: Actively Addressing System Issues Caused by High Transaction Volume, Creator Fees to be Distributed as Planned

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Heritage Distilling's board of directors has approved the establishment of a company crypto treasury and the acceptance of BTC and DOGE payments on its e-commerce platform

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