**Binance Founder Changpeng Zhao (CZ) Predicts Bitcoin Could Reach $200K Soon**
Changpeng Zhao (CZ), the founder and former CEO of Binance, has expressed strong confidence that Bitcoin can hit the $200,000 mark in the near future. Recently, he retweeted an earlier statement in which he described this mega price move as “the most obvious thing in the world.”
Over the past year, Zhao has been very active on the microblogging platform X (formerly Twitter), with his engagement reaching new heights in recent weeks. Shifting his public persona, CZ is now branding himself more as a crypto ambassador rather than the top-ranking executive he once was.
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### Bitcoin Reaching $200K is “Obvious,” Says CZ
CZ retweeted his earlier optimistic forecast to a crypto news channel, reinforcing his bullish stance on Bitcoin’s price potential. With a massive following of 10 million on X, CZ is one of the biggest crypto personalities in the industry. He has developed a habit of sharing optimistic price predictions, particularly regarding Bitcoin.
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### CZ’s Recent Challenges and Comeback
While CZ has enjoyed tremendous influence in the crypto world, his journey hasn’t been without hurdles. A few years ago, he encountered legal difficulties with the Biden administration. In a significant Department of Justice (DoJ) case that sent ripples through the entire crypto sector, CZ was sentenced to four months in prison in 2024.
However, after being released from a US jail in September 2024, Zhao launched a charm offensive aimed at winning over major countries to embrace cryptocurrency. His activities have notably accelerated following a presidential pardon granted by former President Donald Trump two months ago.
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### When Will Bitcoin Reach $200K?
At the time of writing, Bitcoin is trading just below $98,000 and appears to be on a path of sustained recovery. Analytics website Glassnode reports that bears are closing long-term bearish positions across more than 500 top cryptocurrencies, and hundreds of millions of dollars in short positions have been liquidated recently.
Several technical indicators point toward growing bullish momentum:
– Bitcoin’s Relative Strength Index (RSI) has flipped bullish for the first time in over three months, signaling increased potential for a trend reversal.
– If bullish forces maintain momentum and push Bitcoin above its current all-time high (ATH) of $126,200, there is a strong possibility that the cryptocurrency could reach $200,000 within the next few years—potentially as early as 2026.
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### The Road Ahead: Resistance Levels and Risks
Despite the optimistic outlook, significant hurdles remain. Bitcoin must first overcome the critical $100,000 resistance level and sustain a rapid recovery to avoid a prolonged bearish phase. Failure to break and hold above this threshold could reinforce long-term bearish trends and erase recent gains.
Investors and enthusiasts alike will be closely watching market developments in the coming months to see if Bitcoin can realize CZ’s ambitious prediction.
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*Stay tuned for more updates on Bitcoin and crypto market trends.*
https://bitcoinethereumnews.com/bitcoin/why-cz-believes-bitcoin-will-hit-200k-despite-trading-under-100k-%e2%8b%86-zycrypto/
