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Title: Bitcoin to $200K? Analyst’s Bullish Take
A renowned cryptocurrency analyst has reaffirmed his year-end price target of $200,000 for Bitcoin (BTC). This bold prediction comes as the leading digital asset is approaching a historically significant breakout threshold.
According to Ali’s chart analysis, the current market conditions mirror those seen during previous bull cycles where BTC rallied significantly after breaking above the upper oscillator band. Given the proximity to this level, it seems likely that the price will continue its upward trajectory.
In the short-term, Bitcoin’s momentum remains neutral, with the Relative Strength Index (RSI) currently indicating a potential bullish reversal. If the RSI crosses above 50, it could signal renewed buying interest.
Despite growing trade tensions and ETF outflows, Bitwise CIO Matt Hougan believes that the Trump administration’s tariff pause and push for a weaker US dollar could accelerate Bitcoin’s price growth.
Source: https://www.coinspeaker.com/analyst-says-bitcoin-will-go-to-200k/
