Bitcoin could hit $200,000 by mid-next year, correction will be minor

An analysis has been put forward that Bitcoin prices could rise to twice their current price by the middle of next year.
Analysts at Bitfinex said in a market report released on the 17th that
He predicts that strong institutional demand in 2025 will make any decline in Bitcoin's price temporary and minor, and in the best case scenario, he sees the price of Bitcoin potentially doubling by June 2025.
The analysts said: "The lowest price estimate is $145,000 by mid-2025, and could reach as high as $200,000 under favorable conditions."
"The price correction will be minor in 2025 thanks to the inflow of funds from institutional investors," he said. "Bitcoin volatility is expected to increase in the first quarter of 2025."
While some price fluctuations are expected, the overall trend is for prices to rise due to continued inflows into physical Bitcoin exchange-traded index funds (ETFs) and increased adoption at global and institutional levels.
According to data from Farside Investors, about $36 billion has flowed into a U.S.-based physical Bitcoin ETF launched in January this year.
The sources said, "The BTC ETF is one of the major holding groups of Bitcoin, currently holding over 1.13 million BTC."