According to OKX data at 9:00 a.m. on September 6, the price of Bitcoin (BTC) continued to decrease slightly. In the past 24 hours, the price of Bitcoin decreased by 0.5%, trading around $110,800.
Bitcoin could hit $250,000
Other major cryptocurrencies also fell slightly, with Ethereum (ETH) down 0.4% to $4,300. Meanwhile, some coins rose slightly, such as XRP to $2.8, BNB up nearly 1% to $853, and Solana (SOL) up 0.5% to $203.
Bitcoin is trading around $110,800/BTC Source: OKX
According to Cointelegraph , before the market developments, Bitcoin analyst PlanC said that there is no fundamental reason for Bitcoin to peak this year.
PlanC explains that those who believe Bitcoin will peak by the end of the year are misunderstanding probabilities. He likens it to flipping a coin that comes up heads three times in a row and then believing that the fourth time will also come up tails.
In other words, relying on Bitcoin's past price increases is not enough to make accurate predictions.
The analyst also stressed that the Bitcoin mining reward halving cycle is no longer as important as before. The market now has many Bitcoin holding companies and large investment funds, making things change quickly.
“There is no reason for Bitcoin to peak in Q4/2025,” PlanC said.
While the fourth quarter has historically been a good quarter for Bitcoin, with average returns of up to 85%, that doesn't guarantee a peak in price.
While PlanC is cautious, some other analysts are more optimistic. Canary Capital CEO Steven McClurg predicts a more than 50% chance of Bitcoin reaching $140,000–$150,000 before the market starts to fall again.
Some forecasts are even more optimistic, suggesting that Bitcoin could hit $250,000 before the end of 2025.
On the contrary, Bitwise Chief Investment Officer Matt Hougan predicts 2026 to be the year Bitcoin will surge in price.
Source: https://nld.com.vn/thi-truong-tien-so-hom-nay-6-9-du-bao-gay-bat-ngo-ve-gia-bitcoin-196250906094356806.htm
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