Bitcoin (BTC) Could Hit $200,000 by 2025 Despite Recent Weakness, Trader Mags Predicts

Bitcoin's (BTC) recent weakness will not stop it from hitting $200,000 over the next year-plus. Crypto analysts have closely monitored Bitcoin's price

Cryptocurrency markets took a hit on Wednesday, with Bitcoin (BTC) prices briefly dipping below the $59,000 level and showing signs of weakness in the face of the market downturn. However, some crypto commentators remain bullish on BTC’s long-term price trajectory.

Trader Mags has predicted that the apex crypto could hit $200,000 as early as next year based on historical data.

200K BTC By 2025?

Fresh from predicting that BTC could hit $75,000 by the end of this year, a popular crypto analyst has now suggested that the apex coin could hit $200,000 by 2025.

Trader Mags arrived at this conclusion by charting Bitcoin’s price performance post its fourth mining reward halving.

After each halving, crypto analysts have observed that the slowdown in Bitcoin’s supply growth paves the way for multi-fold price upsurges in the months following the event.

Although bulls were in the driver’s seat following each of the three halvings, the time taken to reach the eventual peak varied.

Trader Mags pointed out that after the 2012 halving, Bitcoin rallied by 9,500% and peaked after 406 days in 2013. After the second halving in 2016, Bitcoin rocketed by over 4,000 to peak approximately 511 days post-halving.

After the 2020 halving, Bitcoin jumped by roughly 636% and topped out 546 days later.

Trader Mags observed that Bitcoin has been in an accumulation phase since the April halving. However, if history repeats itself, the premier crypto could peak between June and October 2025 — around 400-550 days from now.

Even with a modest 300% rally, Bitcoin would still reach the ambitious $200,000 mark.

Massive Bitcoin ETF Inflows Bolster Bullish Bets

In other news, demand for the U.S. spot Bitcoin exchange-traded funds (ETFs) has remained strong despite the crypto market downturn.

According to popular trading firm QCP Capital, the ongoing strong inflows to these investment products indicate overall BTC market health.

This, the analysts observed, is in contrast to the significant outflows being seen in the newly launched spot Ethereum ETFs.

“BTC spot ETFs have seen strong inflows for 12 consecutive days, while ETH spot ETFs have faced outflows for 8 days. BTC’s dominance in the options market reflects the macro-driven nature of the current rate-cut regime,” QCP Capital told their Telegram channel subscribers.

As ZyCrypto reported previously, the Bitcoin ETFs are expected to have more holdings than even the pseudonymous BTC creator Satoshi by the end of this year. Moreover, by this time next year, BlackRock’s iShares Bitcoin Trust (IBIT) alone will probably be holding more BTC than Satoshi.

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