Still Concerned About the Bitcoin Crash? Former Goldman Analyst Predicts a Surge to $200,000
Former Goldman Sachs analyst Murad Mahmudov has projected that Bitcoin’s price will soar beyond $200,000 despite the recent market downturn.
Derar Hadri 
Former Goldman Sachs analyst Murad Mahmudov has projected that Bitcoin’s price will soar beyond $200,000 despite the recent market downturn.
His forecast comes amid a sharp correction in the cryptocurrency market. Earlier this Thursday, Bitcoin plummeted to $82,726, marking a 16% drop in just a week.
At the same time, Bitcoin ETFs continue to see substantial outflows, with BlackRock’s IBIT losing $418 million in a single day.
However, some analysts argue that this is merely a short-term correction and not an indication of deeper trouble for Bitcoin.
Notably, Standard Chartered, which accurately predicted the recent pullback, remains bullish on Bitcoin, maintaining its forecast that the cryptocurrency will still reach $200,000 by the end of the year, despite the current bearish phase.
According to the banking giant, the recent sell-off is largely driven by economic uncertainty, trade tariffs, and last week’s major Bybit hack. Standard Chartered also highlighted that tech stocks have experienced similar corrections.
Meanwhile, Bitcoin options data suggests that traders are bracing for another potential downturn, with some expecting a further dip toward the $70,000 level before any major recovery.
