{"id":36545,"date":"2025-07-12T14:16:55","date_gmt":"2025-07-12T14:16:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36545"},"modified":"2025-07-12T14:16:55","modified_gmt":"2025-07-12T14:16:55","slug":"we-expect-bitcoin-to-top-200k-by-the-end-of-year-says-bitwise-cio","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36545","title":{"rendered":"\u2018We Expect Bitcoin to Top $200K by the End of Year\u2019, Says Bitwise CIO"},"content":{"rendered":"<div>\n<p>At the time of writing bitcoin (BTC) is hovering around the $118,000 level, flirting with the idea of setting a new all-time high this weekend.<\/p>\n<p>On Friday, Bloomberg Senior ETF Analyst Eric Balchunas <a href=\"https:\/\/x.com\/EricBalchunas\/status\/1943664470032576876\">noted<\/a> on X that BlackRock&#8217;s spot Bitcoin ETF (IBIT) had reached an important milestone at the close of trading on the previous day, becoming the fastest ETF to get to $80 billion in assets under management (AUM). The second fastest ETF to get to this level was Vanguard&#8217;s S&amp;P 500 ETF (VOO), which got there in 1,814 days.<\/p>\n<p>On Friday, bitcoin set a new all-time high of $118,667.<\/p>\n<p>During interviews with <a href=\"https:\/\/x.com\/Z06Z07\/status\/1943723248342249763\">CNBC<\/a> and <a href=\"https:\/\/x.com\/AltcoinDaily\/status\/1943534212491137357\">Yahoo Financ<\/a>e, Bitwise Asset Management CIO said his firm expects the BTC price to reach over $200,000 by the end of this year.<\/p>\n<p>As for how high bitcoin could go, hedge fund manager James Lavish <a href=\"https:\/\/x.com\/jameslavish\/status\/1943519305712439567\">says<\/a> that the bitcoin price is similar to the U.S. debt ceiling in that ultimately there is no limit.<\/p>\n<p><strong>Technical Analysis <\/strong><\/p>\n<ul>\n<li>Bitcoin displayed a consolidation pattern throughout the 23-hour timeframe from 11 July 11:00 to 12 July 10:00, operating within a comprehensive range of $1,633.46 representing 1% from the peak of $118,226.29 to the trough of $116,592.83, according to CoinDesk Research&#8217;s technical analysis model.<\/li>\n<li>The most significant price movements occurred during the initial hours, particularly around 13:00 and 15:00 on 11 July, when elevated volume above the 24-hour average of 7,291 accompanied pronounced intraday swings, forming key support near $116,726.00 and resistance around $118,226.00.<\/li>\n<li>Following this early turbulence, BTC demonstrated exceptional stability with decreasing volume, consolidating mainly between $117,400.00-$117,900.00, before exhibiting renewed strength in the final hours with a recovery toward $118,025.00, suggesting potential bullish momentum developing for the subsequent trading session.<\/li>\n<li>Throughout the final 60 minutes from 12 July 09:57 to 10:56, Bitcoin encountered heightened volatility with a notable downward movement from $118,121.16 to a low of $117,835.74 at 10:14, followed by a strong rebound that established the $118,000.00-$118,070.00 range as a new consolidation zone.<\/li>\n<li>The period displayed classic support and resistance dynamics, with volume spikes of 392.48 and 382.49 during the 10:12-10:14 selloff confirming institutional participation, while the subsequent recovery above $118,035.00 on diminishing volume suggests underlying strength and potential for continued upward momentum.<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong>\u00a0<em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>At the time of writing bitcoin (BTC) is hovering around the $118,000 level, flirting with the idea of setting a new all-time high this weekend. On Friday, Bloomberg Senior ETF Analyst Eric Balchunas noted on X that BlackRock&#8217;s spot Bitcoin ETF (IBIT) had reached an important milestone at the close of trading on the previous [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36545","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36545"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36545\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}