Bitcoin hitting $200K this year ‘very improbable,’ says analyst
Glassnode lead analyst James Check says in five years’ time Bitcoin will be “well and truly” past the $200,000 price level, but doesn’t expect it to surpass that this year.
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) 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.
