Bitwise CIO’s $200,000 year-end Bitcoin forecast stems from technical indicators displaying robust consolidation above earlier all-time highs. Bitcoin maintained distinctive stability between $117,400-$117,900 with lowering quantity after preliminary volatility, suggesting accumulation earlier than renewed upward momentum. The restoration towards $118,025 in remaining buying and selling hours demonstrated underlying power regardless of minor pullbacks.
Basic drivers embody institutional participation confirmed by quantity spikes throughout selloffs and rebounds, alongside broader market inflows exceeding $50 billion weekly. These elements mix with Bitcoin’s hardening function as a macro hedge throughout geopolitical uncertainty, as evidenced by its efficiency amid Trump’s tariff bulletins.
The prediction additionally considers historic post-halving cycles the place new all-time highs preceded prolonged bull runs. With Bitcoin already surpassing $118,000 and displaying consolidation patterns typical of continuation indicators, Bitwise anticipates institutional FOMO might drive the subsequent 70% surge to $200,000 by December.
This text is for informational functions solely and doesn’t represent monetary recommendation. Please conduct your individual analysis earlier than making any funding selections.
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Editor-in-Chief / Coin Push Dean is a crypto fanatic based mostly in Amsterdam, the place he follows each twist and switch on the earth of cryptocurrencies and Web3.