Former Goldman Sachs analyst Murad Mahmudov predicts that the price of Bitcoin will exceed $200,000, despite the cryptocurrency market undergoing a significant correction. Bitcoin recently dropped to $82,726, resulting in a 16% loss within a week. Bitcoin ETFs are also experiencing significant outflows, with BlackRock's IBIT losing $418 million in one day. However, analysts believe this to be a short-term correction that does not pose a threat to the leading cryptocurrency. Standard Chartered, which accurately predicted the recent correction, maintains that Bitcoin will reach $200,000 by the end of the year. The sell-off is attributed to economic uncertainty caused by tariffs and the recent Bybit hack. Bitcoin options data indicates that traders anticipate another correction that could push the price down to $70,000.



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