Analysts: Bitcoin may rise to $220,000 by 2025

BlockBeats news, on May 16, according to Cointelegraph, crypto analyst Apsk32 stated that Bitcoin has followed gold to reach new highs, which is a popular theory among long positions investors. Historically, Bitcoin usually follows gold's rise a few months later. With gold prices reaching a historic high of $3,500 per ounce, the future price movement of Bitcoin also looks more promising. Apsk32 mentioned the concept of "momentum curve," which measures Bitcoin prices in ounces of gold to avoid the effects of dollar inflation. If Bitcoin's network value (measured in gold) continues to evolve along the momentum curve, and gold maintains its current price, while Bitcoin's price returns to the 'leading support of five years', we could see a target of $444,000 this year. However, this week, Apsk32 believes a more "reasonable" target price for 2025 could be around $220,000. He also stated that if Bitcoin's price breaks through $250,000, it would fall into the 'beyond expectations' range.