YoungHoon Kim , who claims to hold the world record for highest IQ of 276, has revealed the next Bitcoin (BTC) price target.

Kim earlier predicted in September that Bitcoin will grow at least 100 times in the next 10 years and will also be universally adopted as the "ultimate reserve asset."

Now, he has predicted a new BTC price target. In a new X post , he predicted that the cryptocurrency is going to hit $220,000 in the next 45 days.

Bitwise CEO Hunter Horsley said that crypto's four-year cycle model is from a bygone era and the dynamics have completely changed after the launch of Bitcoin exchange-traded funds (ETFs) and the new administration. He added that there is a pretty good chance that "we've been in a bear market for almost 6 months now and are almost through it."

"The setup for crypto right now has never been stronger."

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Analyst warns of further breakdown for Bitcoin

However, not everyone is convinced that the crypto market is going to recover anytime soon.

Bitcoin, which hit an all-time high (ATH) of $126,198.07 in early October, plunged below $93,000 on Nov. 17. A leading crypto analyst believes it could get even worse from here.

As reported earlier , a Bitunix analyst said the recent pullback reflects a structural repricing rather than a simple technical correction. He added that the nearest short-term support for BTC lies in the $93,000-$95,000 range.

If the $93,000 support doesn't hold, there is a risk of BTC sliding into deeper liquidity pockets. A breakdown at this price point could expose the next liquidity gap near $89,600, he warned.

At the time of writing, Bitcoin was exchanging hands at $95,517.83.