CryptoCon: Bitcoin can make a breakthrough to $ 166,000

The CryptoCon analyst confirmed that the potential price growth target for bitcoin BTC $101,149.96 Bitcoin 4.85% Market capitalization $2.01 trillion VOL. 24 hours $2.85 billion at $ 166,000 remains relevant. In his opinion, to reach this level, the cryptocurrency should repeat its price breakthrough that occurred between January and March 2024.

The crypto industry expert notes that although this forecast may seem unrealistic, he believes such a jump is quite possible next month. A study by analytics company Matrixport also confirms that bitcoin could reach $ 160,000 in 2025.

At the same time, other experts, including Bitwise and Standard Chartered, predict even higher goals: from $ 166,000 to $ 200,000 by the end of the year.

Currently, bitcoin is in a consolidation phase, with its price hovering between $ 94,500 and $ 96,000. Analysts suggest that if the $ 94,100 support level holds, the cryptocurrency will have a chance for further growth.

As a reminder, yesterday, February 12, bitcoin fell to $ 94,000 after the publication of inflation data in the United States. The U.S. Department of Labor reported that in January 2025, the consumer price index (CPI) rose by 0.1%, reaching 3% in annual terms. For comparison, in December 2024, the figure was 2.9%.