Bitcoin Price Has Seen Some Dips Since the Beginning of the Year, but Bullish Sentiment in the Industry Remains Strong. After Bitcoin Broke Through the $110,000 Mark, Calls for a “$200,000 Target Price This Year” Have Resurfaced.
Although Bitcoin prices have experienced some pullbacks since the start of the year, bullish sentiment within the industry has remained strong. After BTC surged past the $110,000 mark, calls for a "$200K target by year-end" have once again gained traction.
Adam Back, CEO of Blockstream: This Cycle Could Reach Between $500K and $1 MillionIn a recent interview with Web3 media outlet Decrypt, Blockstream CEO Adam Back stated that, given the significant institutional inflows and the fact that a year has passed since the halving, Bitcoin still appears undervalued. He noted that once Bitcoin sets a new all-time high, it could accelerate rapidly toward even greater levels.
Bernstein: This Bull Market Has a Target of $200KWall Street investment firm Bernstein projects that enterprises will collectively acquire up to $330 billion worth of Bitcoin over the next five years. Even before Trump’s re-election, Bernstein analysts had accurately predicted that “the genie is out of the bottle,” and that Bitcoin’s trend is now irreversible.
Jamie Dimon, CEO of JPMorgan: Clients Will Be Allowed to Buy BitcoinLong a vocal skeptic of Bitcoin, JPMorgan CEO Jamie Dimon reiterated concerns about crypto’s ties to money laundering, unclear ownership, and use in activities such as sex work and terrorism. However, during JPMorgan’s annual Investor Day on Monday, he acknowledged that the bank will now allow its clients to purchase Bitcoin. This shift is widely seen as a major signal of convergence between traditional finance and the crypto market.
JPMorgan isn’t the only Wall Street giant changing its stance. Since August last year, Morgan Stanley has allowed its financial advisors to recommend spot Bitcoin ETFs to qualified clients.
Technical Indicators Show Strong Momentum, but Pullback Risks RemainFrom a technical perspective, Bitcoin's Relative Strength Index (RSI) and Stochastic Oscillator are currently in overbought territory, indicating strong bullish momentum. However, due to this overbought status, traders are advised to remain cautious as the risk of a pullback is elevated. Additionally, the 50-day Simple Moving Average (SMA) is about to cross above the 200-day SMA, potentially forming a “golden cross” on the daily chart. If confirmed, this would signal a strong buying opportunity.
That said, if Bitcoin experiences a pullback and closes below $105,000, the downtrend could intensify, potentially testing the key psychological support level near $100,000.
ConclusionBitcoin’s price history underscores its resilience and disruptive influence on the global financial system. From its quiet inception in 2009 to its record-breaking highs, Bitcoin has fundamentally changed how we perceive digital assets.
Looking ahead to 2025–2030, projections emphasize Bitcoin’s potential for continued expansion, reinforcing its role as a revolutionary force within the financial ecosystem. While challenges remain, the future of Bitcoin appears brighter than ever.
Related: Cryptocurrency travelers bring three times the lifetime value of fiat currency users.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
