As per OKX data at 9 a.m. on September 6, Bitcoin (BTC) continued its slight downward trend. Over the past 24 hours, Bitcoin’s price dropped by 0.5%, trading at approximately $110,800.
Bitcoin Could Reach $250,000
Other major cryptocurrencies also witnessed minor dips, with Ethereum (ETH) down 0.4% to $4,300. Meanwhile, a few coins bucked the downward trend, including XRP, which rose to $2.8, BNB climbing nearly 1% to $853, and Solana (SOL) up 0.5% to $203.
Bitcoin is trading at around $110,800/BTC. Source: OKX
According to Cointelegraph, in light of the market movements, Bitcoin analyst PlanC believes there is no fundamental reason for Bitcoin to peak this year.
PlanC explains that those who think Bitcoin will peak by the year’s end are misunderstanding probability. He likens it to tossing a coin and getting heads three times in a row, then assuming the fourth toss will definitely be heads as well.
In other words, relying solely on Bitcoin’s past price increases is insufficient for accurate predictions.
The analyst also emphasizes that the “halving” cycle of Bitcoin mining rewards is not as significant as it used to be. The market now involves numerous companies holding Bitcoin and large investment funds, causing things to change rapidly.
“There is no reason for Bitcoin to peak in Q4 2025” – PlanC stated.
Despite Q4 historically being a strong quarter for Bitcoin, with average gains of up to 85%, it does not guarantee a peak in price.
While PlanC remains cautious, some other analysts are more optimistic. Canary Capital’s CEO, Steven McClurg, predicts there is over a 50% chance of Bitcoin reaching the $140,000–$150,000 range before the market starts to retreat again.
Some forecasts are even more bullish, suggesting Bitcoin could hit $250,000 before the end of 2025.
On the other hand, Bitwise’s Chief Investment Officer, Matt Hougan, foresees 2026 as the year when Bitcoin will experience significant price appreciation.
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“Vietnam possesses the requisite expertise to establish its own cryptocurrency exchange platform. However, to maximize opportunities and gain invaluable insights, it would be prudent to collaborate with established global exchanges, leveraging their existing infrastructure and expertise in the field.”
