Bitcoin is unlikely to reach $200,000 this year as buying volume isn’t increasing enough to keep pushing the price higher, according to a crypto analyst.
It comes after several industry executives have recently speculated that Bitcoin
BTC
$118,618
will soon hit $200,000.
“How on earth can we be going up when there is no volume?” Glassnode lead analyst James Check said in an interview on Tuesday.
It comes after several industry executives have recently speculated that Bitcoin
BTC
$118,618
will soon hit $200,000.
“How on earth can we be going up when there is no volume?” Glassnode lead analyst James Check said in an interview on Tuesday.
