It's been nearly a fortnight since Bitcoin hit the all-time high (ATH) of $124,457.12 on Aug. 14. Most crypto experts believe that the cryptocurrency is yet to achieve its full potential and have offered extremely bullish price predictions so far.

Whether it's the crypto index fund manager Bitwise’s CIO Matt Hougan or the Bitcoin mining firm Bitdeer's (Nasdaq: BTDR) Head of Capital Markets and Strategic Initiatives Jeff LaBerge, each expert thinks Bitcoin will hit $200,000 in 2025. It doesn't seem like a herculean task, given the fact that BTC has surged 80% within a year.

However, not everyone seems to be in agreement.

It will be \\"extremely difficult\\" for Bitcoin to reach anything close to $200,000 this year, the analysts at 10x Research wrote in a report on Aug. 26.

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The analysts said the gap between expectations and insights from data is widening, and the following factors are in play:

Fund inflows are declining.

Bitcoin miners are under pressure.

Seasonal patterns are resurfacing just as traders turn complacent.

It is obvious that 10x Research analysts are not as bullish as other prominent analysts on Bitcoin. However, they estimated that Bitcoin hitting $140,000 by the end of the year also carries only a 54% probability.

Though the above target is only 12% lower than the king coin's record high and 25% lower than its current price, the analysts at 10x Research aren't certain.

\\"Although we briefly engaged with the breakout attempt in mid-August, our Bitcoin trend model has since turned bearish.\\"

Launched in 2009, Bitcoin is the world's largest cryptocurrency, which has a market cap of $2.23 trillion, even surpassing that of the tech giant Meta Platforms (Nasdaq: META).

Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.

This story was originally reported by TheStreet on Aug 27, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.