Although the halving significantly reduced miners' profitability, many analysts believe that the BTC price will rise in anticipation of a supply shock.
Speaking to Cointelegraph, Swyftx chief analyst Pav Hundal expects the Bitcoin price to rise to $120,000 at worst by the next halving. Recalling the 2013, 2017 and 2020 halvings, Hundal said:
"Our main scenario is that this trend continues and we see a high double or low triple-digit percentage point increase in prices until the next halving."
Will Bitcoin price hit $200,000?
Another person who shared his market forecast was Henrik Andersson, chief investment officer at Apollo Crypto. Andersson believes that the Bitcoin price will see $200,000 by 2028. The crypto expert expects institutional investor interest in spot Bitcoin ETFs approved in the US to increase.
Another person who spoke to the sources, BTC Markets CEO Caroline Bowler, agrees with Andersson on ETFs. However, Bowler thinks the BTC price will reach $200,000 sooner. Taking into account the forecasts of investment banks such as Standard Chartered, she set this figure as her target by the end of 2025.
