Sminston With is not just anyone in the world of cryptocurrencies. He is “one of the greatest experts on Bitcoin. The price of this digital currency has only fluctuated in recent months, without much surge, almost stabilizing around $60,000.
But according to him, the very first cryptocurrency could quickly reach $200,000, or more than three times its value. The analyst used a new prediction model to arrive at such announcements. With his “Decay Channel” curve, he came to the conclusion that Bitcoin will one day reach a value between $199,106 and $207,623.
Before 2026, Bitcoin will be at $200,000?
The icing on the cake, With assured that these values would be reached around the end of 2025, in a little over a year. In a post on X, he declared that the “trend was bullish. » A little sentence which has obviously not gone unnoticed. From the day of this announcement, Bitcoin gained thousands of dollars, trying to reach $70,000 without succeeding.
If With’s words have excited the little world of cryptocurrency, the expert is not the only one to bet big on this digital currency. One of his colleagues, Jurrien Timmer, explained in a recent article that the adoption curve of bitcoin lags behind that of gold.
According to him, it is this small downtime that prevents Bitcoin from experiencing meteoric growth in the short term, as the virtual currency experienced in 2019.
A short-term decline?
If analysts’ predictions are very optimistic, the market reality is much more gloomy at the moment. Virtual currency is not really talked about and although its value is still very high (more than 60,000 dollars), it is not taking off.
Bitcoin is still in a “soft underbelly” and seems to be stuck under a glass ceiling at $70,000. These few weeks of stagnation could also end with a drop in the value of Bitcoin. Recently Bitcoin’s RSI (Strength Index) has fallen. This indicator is one of the most reliable for knowing the current dynamics in this market.
A fall in the RSI could signal a decline in Bitcoin, around $63,000 according to some. In the absence of a rebound, the price of Bitcoin could therefore slowly fall, before stabilizing again. Analysts nevertheless hope for a market awakening, which could bring the value of the digital currency to around $69,000. The most optimistic even speak from an ATH to $73,000.
