Bitcoin rally looms with projections hinting at $200,000 surge

Bitcoin is potentially gearing up for a significant rally in the last quarter of 2025, with prices possibly surging to $200,000 if current demand trends continue, as per onchain analytics firm CryptoQuant.

The firm noted a significant increase in spot demand since midsummer, with an average of over 62,000 BTC in net inflows per month.

This surge in buying pressure has historically preceded fourth-quarter rallies in previous cycles, such as in 2020, 2021, and 2024.

Indications of Strength

CryptoQuant revealed that whales, referring to large Bitcoin holders, are accumulating coins at an annualized rate of 331,000 BTC, up from 255,000 in the same period last year.

Additionally, U.S.-listed bitcoin exchange-traded funds, which acquired over 200,000 BTC in the fourth quarter of 2024, may see a similar uptake this year, the firm stated.

The market has also surpassed the “realized price” for traders at around $116,000.

With Bitcoin trading near $117,300 at the time of writing, the firm suggested that breaking this level indicates a return to the bullish phase of the cycle, potentially leading to a price range of $160,000 to $200,000 this quarter.

Growing Optimism

CryptoQuant’s internal “bull score index” closed September at levels typically seen before major rallies, supported by expanding stablecoin liquidity and reduced unrealized profits among traders, indicating lower selling pressure.

Other analysts are equally optimistic, with major firms like Standard Chartered, 21Shares, and Bitwise all suggesting that Bitcoin could reach $200,000 before the end of the year.

Looking further ahead, Standard Chartered forecasts that Bitcoin could approach $500,000 by 2028 as increased accessibility and reduced volatility solidify its role in global markets.

Mentioned in this article