Bitcoin is currently trading below $104,000, down about 4% in the last 24 hours. The drop came after Israel launched an attack on Iranian nuclear sites on June 12, causing Bitcoin to fall from $107,000 to $103,000. In just one day, around $636 million was liquidated from the market. Now, there are tensions about Bitcoin slipping further to $102,000 or even $101,000.
Despite this bearish trend, many analysts still believe Bitcoin could reach $200,000 by the end of the year. But the big question is — how will Bitcoin achieve this, and what are the key reasons behind such a massive prediction?
In a recent episode, Scott Melker discussed with Alice Liu from CoinMarketCap strong reasons why Bitcoin could rally to $200,000 soon. Liu said, “Crypto market is the golden moment. You need a catalyst like this to trigger people in non-crypto space to look at this.”
Big Companies Are Buying Bitcoin: Companies and institutions from the U.S., Europe, Japan, and other regions are adding Bitcoin to their corporate treasury reserves. This rising demand from businesses is putting extra buying pressure on the market while supply stays limited, especially after the recent Bitcoin halving.
Supply Is Drying Up: Bitcoin miners are currently selling very little into the market, averaging only around 500 BTC a day. With more people and companies wanting to buy and less Bitcoin available, this supply-demand imbalance naturally pushes the price higher.
Bitcoin Is Seen as Digital Gold: More investors now view Bitcoin as a long-term store of value, much like gold. Large funds, corporate treasuries, and even some governments are considering Bitcoin as a reserve asset. This confidence is helping to build a strong foundation for Bitcoin’s next major price surge.
Bitcoin is down today, June 13, 2025, primarily due to increased geopolitical tensions following Israeli airstrikes on Iranian nuclear sites. This triggered a broader market sell-off and risk-off sentiment among investors.
Big companies and institutions buying Bitcoin for their corporate treasury reserves create significant buying pressure, pushing the price higher as supply remains constrained.
Bitcoin’s limited supply, especially with miners selling very little (around 500 BTC/day) after the halving, creates a supply-demand imbalance that naturally drives its price up.
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