Bitcoin, the world’s most in demand cryptocurrency, has been struggling to find balanced market momentum over the past few weeks. At this point, the coin is below the price range below the $110,000 price range, showing bullish momentum in the short term, but has fallen further 0.15%. The current “Red September” saga has had a huge impact on BTC, pushing tokens to an all-time low in a few weeks. The token is slowly regaining market momentum and is looking to establish dominance before next month’s positive “up-to-bar” trend.
Bitcoin could reach $200,000,” says Mike Novogratz, CEO of Galaxy Digital.
The total cryptocurrency market has seen pullbacks, including prominent currencies such as Bitcoin, Ethereum and XRP. Mike Novogratz, CEO of Galaxy Digitalissued a bold statement about Bitcoin amid the current bearish movement and downward trends in the market. In an interview with Kyle Chasse, Mike Novogratz issued a statement that if Dovish Fed chairs were appointed and actively adopted Dowish monetary policy, Bitcoin could reach the $200,000 price range.
He said the next phase of Bitcoin could depend on the appointment of the Fed chair and the monetary policy they are trying to adopt. He said the Fed’s choice of chairs will be the biggest bull catalyst for Bitcoin and other cryptos. Analysts and administrators believe his bold statement, revolving around the Fed Chairman, could potentially be the appointment of a sect candidate to replace Jerome Powell. He strongly believes that potentially aggressive interest rate reduction policies from Jerome Powell’s alternatives can take BTC to the next level. He also added that aggressive speed reduction scenarios are simultaneously beneficial for crypto, which is enormously costly. He asked if he wanted it to happen and said no. He explained that it was because he loved America.
Novograts argued that the market had no full response until Donald Trump made an official decision on the Fed’s leadership. He said it was priced in that he was going to pick someone, but no one was sure. At the end of the day, Donald Trump was finalised White House economic advisers Kevin Hassett, Christopher Waller, federal governor and former FED governor Kevin Wahsh. Trump officially confirmed it and told reporters in his oval office on September 6th that he could tell them they were in the top three.
Bitcoin price forecast: Will BTC really reach $200,000?
At the moment, Bitcoin, the world’s largest and most valuable cryptocurrency, is trading at $109,336.13, 0.19% higher than the previous day’s value. Cincodex, one of the most trusted crypto price tracking sites, reported on August 14, 2025 that Bitcoin reached its highest price at an all-time high of $124,171. They also pointed out that the lowest price since the ATH is $107,304 (low cycle).
BTC is gradually regaining its market dominance, which was lost in what is called “so-called.”The Curse of September”. Digital assets are trading at a 24-hour trading volume of $2.18T, with a market capitalization of $559.6 billion and a market advantage of 57.75%. BTC prices have increased by 0.28% over the past 24 hours.
By analyzing BTC’s historic price data, if the market situation and regulatory environment prefer it, digital tokens that hit the $200,000 price range could be the case in the future. Top Crypto Sphere analysts have expressed their opinion that other top forecasters are also sharing their bullish Bitcoin price target for 2025 above $200,000. Technical Chartcycle analysis, and increased adoption. They show that the consensus is signaling that Bitcoin prices could reach new all-time highs by the end of 2025, especially if the macro conditions match the Deish Fed’s policy. As October has always been kind to Bitcoin, Bitcoin price rallies could reach an unprecedented point when the “up-to-bar” trend occurs.
Disclaimer: Bitcoin prices can rise or fall sharply in a short period of time due to market demand, regulations, technological developments, and macroeconomic events.
