Bitcoin Price Correction Continues as Analysts Predict $205,000 Year-End Target

Bitcoin (BTC) has corrected from approximately $111,000 to just above $104,000 since June 11, influenced by rising geopolitical tensions in the Middle East. Despite this, analysts believe BTC's long-term bullish trend is intact.

Potential Price Target of $205,000

Carmelo Aleman from CryptoQuant highlights a recurring Bitcoin Yearly Percentage Trend, which indicates strong growth potential for BTC through 2025. This trend shows three bullish years followed by one year of consolidation, aligning with Bitcoin's four-year halving cycle. Key points include:

If BTC maintains its typical growth pace in the third year of the cycle, it could rise 120% in 2025.
This would elevate BTC from $93,226 at the start of the year to as high as $205,097, completing another bullish cycle.
Current metrics, including Realized Cap, continue to reach new all-time highs, supporting this outlook.

Aleman notes that the Yearly Percentage Trend helps filter daily market noise and reflects Bitcoin's cyclical nature.

On-Chain Indicators Show Bullish Sentiment

On-chain metrics also support a positive outlook for BTC. Key observations include:

Whale and retail inflows to Binance have dropped to cycle-lows, indicating investors may be holding for future gains.
Whales withdrew 4,500 BTC from Binance on June 16, a move historically linked to price rallies.
Short-term holders are selling into the recent dip, which may temporarily suppress price momentum.

Currently, BTC trades at $104,079, down 1.6% over the past 24 hours.