Bitcoin in Late Bear Market Stages, Could Hit $250K: Real Vision Analyst
Real Vision's Jamie Coutts says Bitcoin bear market is nearing its end, with a potential rise to $250,000 in the next couple of years.
Real Vision chief crypto analyst Jamie Coutts believes Bitcoin is entering the late stages of its current bear market, and he remains confident the asset could climb to $250,000 over the next couple of years. However, he cautioned that it is far too early to call for a price of $1 million by 2030.
Analyst's Outlook
Coutts shared his views in a recent analysis, noting that while the bear market may be maturing, significant upside remains. He emphasized that the $250,000 target is based on historical cycles and adoption trends, though short-term volatility is expected.
The comments come as Bitcoin trades well below its all-time high, with many market participants debating the timing of the next bull run. Coutts' outlook aligns with several analysts who see a prolonged accumulation phase before a major breakout.