BiyaPay Analyst: Multiple Favourable Information Stimulates BTC to Reach New Highs, Will It Reach 200,000 This Time?

BlockBeats news, on July 11, Bitcoin recently broke through $116,500, reaching a new historical high, with an increase of nearly 20% since the beginning of the year. This wave of rise is mainly driven by several favourable factors: the Fed's interest rate cut expectations, the tax expenditure bill signed by Trump, and the easing of the global tariff war, all of which have intensified the market's demand for safe-haven assets like Bitcoin. Bitcoin's breakthrough has led the market to focus on whether it can continue to rise, especially whether it can reach the psychological level of $200,000. According to the analysis of Adam Guren, Chief Investment Officer of Hunting Hill, this rise in Bitcoin reflects the compound effect of ETF capital inflows, increased institutional adoption, and a favourable macro environment. Unlike previous cycles, current demand is structural, regulated, and sticky, which means the upward momentum of Bitcoin may continue. In addition, the increase in M2 money supply and institutional capital inflows provide further room for Bitcoin's price to rise. Analysts at CryptoQuant point out that most Bitcoin holders are still in profit, which provides support for the market. Although there is a risk of profit-taking in the short term, Bitcoin still possesses strong upward momentum. So, will Bitcoin reach $200,000? Some experts believe that if the current market trend continues and M2 money supply continues to increase, we may see Bitcoin's price further rise by the end of the year, even reaching $150,000 to $200,000. Against the backdrop of this rise in Bitcoin, BiyaPay offers users convenient global investment services. Through BiyaPay, users can directly trade US stocks and Hong Kong stocks using USDT without the need to apply for an offshore account, allowing real-time participation in stock trading. At the same time, BiyaPay supports the exchange of more than 200 kinds of Crypto Assets, including BTC and Ethereum, and spot and contract open orders are commission-free, enabling you to trade in the crypto market at a lower cost.