Bitcoin ($BTC) could surpass $200,000 by the end of the year... "A decline is actually an opportunity."

Bitcoin (BTC) entered an adjustment phase after reaching an all-time high of $123,400 on July 14th. Currently, it is trading around $114,000, which represents approximately a 7% decline. Experts analyze this drop as more of a technical adjustment and suggest the possibility of breaking through $200,000 by the end of the year. Blockchain data analysis company CryptoQuant diagnosed that this decline stems from a combination of macroeconomic factors, chart signals, and liquidation forces. However, the market remains in a 'price discovery' phase, which is described as a process of exploring Bitcoin's appropriate value through supply and demand dynamics. This suggests Bitcoin could potentially continue a strong rally in the fourth quarter. According to Binance's on-chain data, stablecoin liquidity is significantly waiting on the sidelines. This implies the possibility of external funds flowing in, which could lead to a strong market for major altcoins like Binance Coin (BNB) - potentially marking the beginning of an 'alt season'. The trend of institutional funds refocusing on Bitcoin also supports this scenario. Meanwhile, on-chain data analysis company glassnode analyzed that as Bitcoin declined, strong buying pressure emerged in the $109,000 to $116,000 range. Particularly, almost no selling occurred in the $118,000 to $120,000 range, suggesting investors are holding with expectations of long-term returns rather than short-term gains. Market participants are expressing more hope than disappointment. Blockchain investment firm TeraHash forecasts Bitcoin's price will recover to between $130,000 and $150,000 by year-end, backed by ETF fund inflows, potential Federal Reserve monetary policy shifts, and the full implementation of European MiCA regulations. Additionally, key figures have shared optimistic outlooks. Tom Lee from Fundstrat and venture investor Tim Draper both suggested the possibility of Bitcoin reaching $250,000 by year-end, while Charles Schwab and Mike Novogratz have even proposed a scenario of reaching $1 million by the end of 2025, further fueling expectations. Not only on-chain indicators but also mining difficulty indices are showing an upward curve. Hash rate-based service models are positively influencing market sentiment by aligning with institutional demand seeking to minimize risks. The market continues to build a strong foundation for potential growth even during this adjustment period.