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Bitcoin ($BTC) believers rejoice – the world’s most valuable cryptocurrency could pump to $200K in the final quarter of the year, according to crypto analytics firm CryptoQuant.

The coin is already showing signs of recovery as it rebounded to $118K in the past several hours. This comes as uncertainty looms over the US government, which shut down yesterday.

Investors looking for the best altcoins to buy have reacted positively to Bitcoin’s rally, helping the likes of Bitcoin Hyper ($HYPER) to continue to pump during its ongoing presale.

Growing Bitcoin Demand to Push Price to $200K

As Bitcoin whales continue to snap up $BTC in record numbers, the coin’s price has grown steadily throughout the year. This has the potential to push the price to $200K blockchain data and analytics firm CryptoQuant.

Most recently, Japan-based Metaplanet Inc added 5,268 $BTC to its growing stockpile, bringing its total to a whopping 30,823 $BTC. With its latest purchase, it has now become the fourth-largest public Bitcoin treasury company.

Source: Bitcointreasuries.net

At the moment, $BTC is already displaying a massive surge in its value, hitting $118K for the first time since August. Further push

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Author: Bogdan Patru

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