Bitcoin Plunges Amidst $683 Million Liquidations: Top Bank Stands Firm on $200K Forecast

Despite a significant Bitcoin (BTC) downturn resulting in over $683 million in losses for traders, a leading global bank is maintaining its bullish outlook. The bank predicts that Bitcoin will reach $200,000 by the end of 2025 and potentially hit $500,000 by 2028. This forecast comes despite recent market volatility and heavy losses for traders who have been caught off guard by the crash. 24-hour liquidations exceeding $750 million further illustrate the volatile nature of the market.