Bitcoin up to $ 120k to be able to stigma the ‘fast’ breakout at $ 150k: Charles Edwards
Bitcoin could move forward to a new all-time high of $ 150,000 before the end of 2025 as investors piled on safe properties next to gold, according to Capriole Investments founder Charles Edwards.
Bitcoin’s (Btc) Recovering above the $ 120,000 psychological score could lead to a “very fast” breakout at a $ 150,000 all-time high, Edwards told Cointelegraph in an interview with Token2049 in Singapore. “I wouldn’t be surprised if we climbed $ 150,000 in a relatively short time, as we had to break the range of $ 120,000. But maybe it would come, potential in the next few days.”
Bitcoin increased by more than 6% last week, recovering above the $ 118,500 mark at the first time since August 15, Cointelegraph Data displays.
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Edwards’ view is more conservative than other analysts, which projects the current cycle can push Bitcoin above $ 200,000.
André Dramotch, head of European research in Bitwise Management, told Cointelegraph that the Crypto integration with US 401 (K) Retirement Plans Can unlock $ 122 billion in new capital. Although a 1% retirement managers allocate, he said it may be sufficient to lift Bitcoin over $ 200,000 before the end of the year.
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The four -year cypto market cycle can be “self -fulfilling”
Edwards also foretold a “over 50%” chance of three positive upward months for the crypto market to wrap the year. He said the four-year market cycle theory remains relevant and can be “self-fulfillment” as investors in the midst of cycle expectations.
“But at the end of the day, the driving force was the institutional purchase, and if those pivots, my perspective would be different,” he said.
Edwards’ predictions are consistent with Bitcoin’s historical performance during the last three months of the year.
Bitcoin average historic monthly return of nearly 20% in October, 46% in November and around 4% in December, according to coinglass Data.
Other analysts also point to technical chart patterns, including an emerging gold cross pattern, which may result in a Bitcoin’s target price $ 150,000 in Fourth quarter of the year, Cointelegraph recently reported.
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Magazine: The bitcoin to see ‘another big thrust’ up to $ 150k, eth pressure constitutes
