Bitcoin has indeed surpassed the $120,000 mark, but according to analysts, its current growth is unsustainable without a significant increase in buying volume. As highlighted by Cointelegraph, several crypto analysts doubt that Bitcoin could surpass $200,000 by the end of 2025 without another market impulse.

Bitcoin lacks sufficient buying momentum so far

James Check, lead analyst at Glassnode, stated that price cannot rise without volume. According to him, a jump to $200,000 in just six months would be a major move, effectively doubling Bitcoin’s current market cap, which currently stands at approximately $2.38 trillion based on data from CoinMarketCap.

Check also warned that growth without solid support can be risky. If Bitcoin rises too quickly without strong volume, it can fall just as quickly.

Even though Bitcoin trading volumes remain unusually low this cycle, according to TradingView, the price continues to break new all-time highs. This poses a risk of instability, and in the absence of a strong foundation, a sharp correction could occur. Still, the price may continue rising thanks to limited supply, institutional interest, and expectations of future growth, which maintain high investor optimism.

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BTC and forecasts for 2025

Despite the doubts, Bitcoin is still considered an asset with great potential. According to several analysts, there is a realistic chance that its price could indeed reach $200,000 by the end of 2025. These projections are supported by growing institutional interest and the adoption of spot BTC ETFs, which could lead to a sudden shortage of available Bitcoin on the market.

However, some analysts warn about the end of the current growth cycle. Rekt Capital noted that if Bitcoin behaves similarly to how it did in 2020, there may be only a few months of expansion left.

From the current price of $118,500, Bitcoin would need to rise by approximately 68% to reach the $200,000 mark. Overall, this cycle would represent a 1,200% gain, which is 700% less than the previous cycle. However, as shown by data from BitcoinCyclesComparison, Bitcoin’s profitability decreases with each cycle, indicating a gradual exhaustion of explosive growth potential.