21st Capital analysts predict bitcoin’s growth to $ 200,000 this year

The price of bitcoin BTC $117,638.86 Bitcoin -0.06% Market capitalization $2.34 trillion VOL. 24 hours $1.32 billion may rise to $ 200,000 by the end of 2025. This forecast was made by 21st Capital. The researchers believe that the next key resistance level is just above $ 130,000, while the underlying trend is near $ 120,000.

According to analytical calculations, the long-term price target for bitcoin is $ 1.2−1.5 million by 2035. This forecast is based on the growth of on-chain metrics rather than speculative demand. The study also notes the high level of accuracy of the model, which tracks repeatable patterns with a coefficient of determination of more than 0.95.

The report emphasizes that bitcoin is outpacing traditional assets in terms of growth. Thus, over the past decade, the average annual growth of the bitcoin price has been 42.5%, while the same figures for the Nasdaq index are 16%, gold — about 10%, and the US money supply M2 — 6%. The expected Fed rate cut in September is also seen as a positive factor for the market.

Analysts believe that the stable accumulation in the $ 114,000−117,000 zone has become the basis for the recent update of bitcoin’s historical high of more than $ 124,000. At the time of the study’s publication, the cryptocurrency was trading at around $ 118,400.

The study also emphasizes the change in market structure: with the arrival of institutional capital, volatility decreases, and the duration of bullish phases may increase. In particular, the NUPL indicator signals the formation of a new top, which indicates more stable growth without sharp price fluctuations.