Bitcoin is hovering in an unusuall phase, trading unter $110,000 after a dip in the past week.
Yet, behind this nervous market lies growing anticipation of a major breakout. Analysts suggest the leading cryptocurrency is preparing for a powerful move that could send prices as high as $150,000 in the coming months.
Despite gold hitting new all-time highs and U.S. stocks trending upward, Bitcoin’s price has remained stagnant. But many experts argue this apparent weakness is deceptive. According to Quinn Thompson, Chief Investment Officer at Lekker Capital, Bitcoin’s decoupling from gold is only temporary. He believes the asset is on the verge of “catching up,” predicting an explosive move similar to those seen in late 2023 and November 2024 – periods marked by parabolic rallies.
Supporting this view, 21Shares analyst Matt Mena notes that Bitcoin’s resilience reflects deep, structural demand. Institutional inflows through spot ETFs and expectations of looser monetary policy have built what he calls a “strong floor” under current prices. Mena projects that, under favorable conditions, Bitcoin could rally toward the $150,000 mark before the end of the year.
Much of this optimism depends on the U.S. Federal Reserve’s next steps. With recent economic reports showing a softening labor market, investors increasingly expect additional rate cuts. Fed Chair Jerome Powell has acknowledged the slowdown, reinforcing the perception that monetary easing will continue – a key bullish catalyst for risk assets like Bitcoin.
For now, Bitcoin remains quiet – but analysts say this calm won’t last long. As macro conditions align and institutional demand strengthens, a surge toward $150,000 may be closer than it appears.
Last week saw a mixed performance for crypto investment products managed by firms like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, as investors reacted to the historic Oct. 10 liquidation event.
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On October 16, 2024, Radiant Capital, a decentralized lending protocol, suffered a major security breach, resulting in a $50 million loss.