Bitcoin price to ‘sustain’ $265K level once boring consolidation ends — Analysts
Analysts forecast a Bitcoin run to $265,000, but it could take longer than investors expect.
Bitcoin’s (BTC) price could continue its uptrend and triple its market capitalization, propelling its price above $260,000, according to founder and CEO of on-chain and market analytics firm CryptoQuant Ki Young Ju.
“Bitcoin network fundamentals could support a market cap three times its current size compared to the last cyclical top,” Young Ju explained in a May 8 post on X.
Young Ju was referring to a chart comparing BTC’s price and the associated hash rate to market capitalization ratio, highlighting the crypto’s ongoing volatility and the resilience of the Bitcoin network.
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