Bitcoin Price Prediction: Rally to $135K Before Correction
Katie Stockton, founder and managing partner of Fairlead Strategies, forecasts Bitcoin (BTC) could rally to $135,000 as an intermediate-term objective before entering a corrective phase. This projection follows Bitcoin’s recent breakout from a consolidation period, reaching a new all-time high of $122,871 on Coinbase.
Analysts Align on Bullish Bitcoin Outlook
Markus Thielen, head of research at 10x Research, supports this bullish sentiment, projecting Bitcoin could reach $133,000 based on historical breakout signals that typically lead to 20% gains within two months. Nick Ruck, director of LVRG Research, maintains optimism for Bitcoin hitting $150,000 this cycle, contingent on no major unforeseen events.
Institutional Investors Lead Current Rally
The current price surge appears driven primarily by institutional capital, with retail participation notably absent. Nic Puckrin, founder of The Coin Bureau, observes that traditional retail indicators like search traffic and app rankings haven’t shown the typical surge, suggesting most individual investors remain on the sidelines.
Bitcoin’s Growing Market Presence
Bitcoin’s market capitalization recently surpassed $2.4 trillion, briefly making it the world’s fifth-largest asset. However, James Lavish, co-founder of the Bitcoin Opportunity Fund, notes Bitcoin remains relatively small compared to traditional asset classes like gold and equities.
What Comes Next for Bitcoin?
While analysts agree on Bitcoin’s strong intermediate-term potential, most anticipate near-term consolidation. The market will be watching for increased retail participation, which may emerge if prices approach the $150,000 level.
