Analyst: Bitcoin may rise to $220000 by 2025

BlockBeats news, on May 16th, according to Cointelegraph, cryptocurrency analyst Apsk32 stated that Bitcoin has followed gold to a new high, which is a popular theory among bullish investors. From a historical perspective, Bitcoin usually follows the rise of gold for several months after its rise. As the price of gold rises to a historic high of $3500 per ounce, the outlook for Bitcoin's future price trend has become even brighter. Apsk32 represents the concept of "power curve", which measures the price of Bitcoin in gold ounces to avoid the impact of US dollar inflation. If the network value of Bitcoin (measured in gold) continues to evolve along the power curve, and gold maintains its current price, while Bitcoin prices return to the track of 'leading support for five years', we may see a target of $444000 this year. However, this week, Apsk32 believes that a more "reasonable" target price for 2025 could be around $220000. And it is stated that if the price of Bitcoin exceeds $250000, it falls within the 'beyond expectations' range.