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A Russian specialist has asserted that Bitcoin (BTC) might attain the $140,000 level during the ongoing bear market, but stated that a rise to $200,000 is currently unattainable.
This assertion was made by Finam analyst Nikita Stepanov, who indicated that Bitcoin has not yet reached its “peak price” in the present “cycle.”
“Based on rough calculations, Bitcoin’s peak could be around the $140,000 mark. The $200,000 level, if it is ever achieved, will certainly not materialize in this cycle.”
Stepanov
BTC Could Reach 140k, Analyst Claims
The analyst spoke to the state-operated news agency TASS, which also featured comments from Vladislav Antonov, a financial analyst at BitRiver, the largest crypto mining entity in Russia.
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Antonov mentioned that Bitcoin is presently in a “consolidation phase,” with the market effectively “taking a brief pause after a period of significant growth.” He stated:
“The current sideways movement below the $100,000 mark may persist until mid-December, which will establish a solid technical foundation for future movement. My projections indicate that the nearest target levels are in the $112,000 to $130,000 range.”
Bitcoin prices over the past seven days. (Source: CoinMarketCap)
Bullish Sentiments in Russian Reports?
Prior to 2024, it was relatively rare to observe such seemingly optimistic sentiments reported in Russian state-run media.
Nonetheless, Moscow is increasingly embracing cryptocurrency and has identified tokens as instruments to assist in circumventing sanctions.
“It is crucial to comprehend the market’s psychology. It never permits everyone to profit simultaneously. Initially, it will eliminate emotional and unprepared participants. Then it will continue its ascent.”
Antonov
The BitRiver expert further noted that 2025 would witness “changes in US regulatory policy” that “could serve as a significant catalyst for cryptocurrencies.”
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“We are not merely discussing the decriminalization of the cryptocurrency market. We are also considering the potential integration of Bitcoin into the US national financial strategy.”
Antonov
The BitRiver analyst expressed his expectation for price growth ranging from a more “conservative” $130,000 to a more “optimistic” ceiling of $160,000 by “mid-summer 2025.”
Alt Season Predictions
Antonov also stated that “alt season” is “already in its active phase,” although the Finam expert disagreed, asserting:
“Altcoin season will only commence when Bitcoin’s primary growth potential is exhausted, and liquidity shifts from BTC to other coins.”
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Stepanov added that he anticipates the BTC and broader crypto markets to “peak before the fall of 2025.”
However, he noted that much would rely on the stability of the American economy.
“If a recession takes hold in the US, then all bets are off.”
Stepanov
Stepanov remarked that forecasting movements and price increases in the altcoin market is challenging. He elaborated:
“The issue with altcoins is that due to the lack of reporting, they cannot be evaluated in any meaningful way. Therefore, it is difficult to determine their fundamental value. One can only focus on what large funds are holding.”
TASS also cited a Binance spokesperson as stating:
“The discourse surrounding the establishment of a strategic reserve of Bitcoin in the United States and potential legislative changes are further bolstering investor confidence.”
The post Russian Expert: BTC ‘Could Reach $140k, But $200k Out of Reach’ appeared first on Cryptonews.
