Bitcoin’s price has been on a rollercoaster lately. It briefly soared past $111,900, then dipped to around $106,683 before settling near $109,060. While that’s a slight dip over 24 hours, it’s still up for the week.
A Bold Prediction and Mixed Reactions
“The Bitcoin Therapist” on X predicted Bitcoin could hit $120,000 by the end of the week – a roughly 10% increase from current prices. This prediction received a mixed response. Some traders were skeptical, questioning the basis for such a bold claim, especially after Bitcoin’s recent 8% climb. Others pointed to the market’s “greed” and emphasized the importance of solid technical analysis over catchy price targets.
Kiyosaki’s $250,000 Prediction
Robert Kiyosaki, author of “Rich Dad Poor Dad,” made an even bolder prediction: Bitcoin will reach $250,000 by the end of 2025. He bases this on Bitcoin’s scarcity – only about 1.13 million coins remain to be mined. He argues that even a tiny fraction of a Bitcoin could make someone wealthy. While his enthusiastic fans love the prediction, skeptics want more than just arguments about limited supply.
Analyzing the Numbers
Over the past month, Bitcoin has seen 18 green days and 12 red days – a 60% win rate with an average price swing of about 5.24%. The Fear & Greed Index is currently at 74 (“Greed”), suggesting the market might be overheated. Some analysts believe weekly and monthly chart patterns are better indicators than short-term sentiment.
More Price Predictions
Another prediction, from CoinCodex, suggests Bitcoin could hit $119,495 by June 26th, based on the recent positive performance and high greed index. This represents a potential 8.97% increase.
