Bitcoin skyrockets past $104000 as analysts predict the cryptocurrency could surge to $200000 before the end of this market cycle

After a shaky April that saw Bitcoin slide below $75,000, the crypto giant is making headlines again — but this time, for all the right reasons.

With prices rebounding over 40% in just a few weeks, Bitcoin is now hovering around the $104,000 mark, and market watchers are buzzing about what might come next.

One top analyst, known as “Mr. Wall Street” on X (formerly Twitter), believes this is just the beginning — and that Bitcoin could reach as high as $200,000 before this cycle ends.

What’s Fueling Bitcoin’s Comeback?

So what’s behind Bitcoin’s impressive rebound? According to Mr. Wall Street, it comes down to two big factors: a supply crunch and a shift in investor behavior.

First, institutional investors who usually buy BTC quietly over-the-counter found themselves facing a supply shortage.

As a result, they had no choice but to jump into the public exchanges, which drove up demand and, in turn, the price.

The second factor was fear — specifically, economic uncertainty triggered by U.S. tariff changes.

That fear pushed many investors toward gold, a traditional safe haven.

But here’s where it gets interesting: historically, when gold rallies, Bitcoin tends to follow — usually with a three-month delay.

Mr. Wall Street believes that as profits flow from gold into Bitcoin, the crypto market will see a secondary surge.

Analyst Says This Could Be Just the Start

In a post shared on May 10, Mr. Wall Street broke down his bullish forecast in detail.

He argues that Bitcoin’s current climb is just phase one of a longer rally.

Thanks to the combined effects of institutional supply shocks and the capital rotation from gold, he expects this uptrend to continue through August to November.

According to his timeline, BTC could reach $150,000 in that window.

After that, he anticipates a period of stability between $150K and $180K, which could serve as a solid base for accumulation before the next big leap.

The grand finale? A possible peak around $200,000, a psychologically significant milestone that could mark the top of this cycle.

But, as with any rally, what goes up may come down. Mr. Wall Street warns that after hitting that level, the market could see a steep 50–70% correction, possibly sending Bitcoin back to around $100,000 or lower.

What’s Happening With BTC Right Now?

At the time of writing, Bitcoin is sitting just under $104,000 — specifically $103,956, with a modest 0.80% daily gain.

However, trading activity seems to be cooling slightly, with volume down by over 17%, totaling around $45.65 billion in 24 hours.

This kind of consolidation is typical after a sharp rally, and many eyes are now watching to see whether BTC can build fresh momentum or whether a temporary pullback is in the cards.

Final Thoughts: Can Bitcoin Really Hit $200K?

Whether or not Bitcoin will actually reach the $200K mark remains to be seen, but Mr. Wall Street’s analysis paints a compelling picture.

The interplay between institutional demand, market psychology, and gold-Bitcoin correlations is certainly something serious investors are keeping an eye on.

As always in crypto, timing is everything. For now, the next few months could be critical in determining how far this bull run will go — and whether we’re witnessing the build-up to another all-time high or a short-lived bounce.