Analysis: Bitcoin’s cycle peak projected between $130K–$190K

On-chain data platform IntoTheBlock stated on X that Bitcoin has surpassed $100,000. The platform noted Bitcoin's high potential due to its limited supply and substantial interest from large investors, but historically, returns have steadily decreased after each halving cycle. While some believe Bitcoin could reach $1 million, IntoTheBlock predicts that following this halving, returns will likely range from 100% to 200%, with a more reasonable estimated price range between $130,000 and $190,000. However, if Bitcoin becomes part of global reserve assets, the outlook could change.