After trading as high as $103,000 on Thursday, cryptocurrency bitcoin (BTC-USD) has since receded back below its $100,000 milestone.
Yahoo Finance anchor Julie Hyman breaks down Bernstein senior analyst Gautam Chhugani’s chart exploring the crypto asset’s rally-and-hype cycles over the past ten-plus years. Chhugani himself forecasts bitcoin to reach $200,000 by the end of 2025.
Catch Yahoo Finance layout bitcoin’s historic rise to $100,000, noting some of its biggest events along the way.
To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.
This post was written by Luke Carberry Mogan.
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