As Bitcoin continues to hover around the $100,000 mark, experts are debating just how high it could go this cycle. Hadley Stern from Marinade Finance recently shared his thoughts, saying he’s tired of the constant hype around $100K and believes it’s time for Bitcoin to break past it for good.
On the Milkroad podcast, Stern said tht this cycle could see Bitcoin climbing as high as $160,000 before eventually settling back around $120,000. While some see this as a conservative estimate, given other predictions ranging from $150K to $250K, and even extreme calls of $500K to $1 million, Stern believes it’s a realistic target.
“I still think $160K would be an excellent top for this cycle,” he explained, pointing out that the market tends to get stuck at psychological price levels like $100,000, much like it did at $10,000 years ago.
He also said that with growing institutional involvement, especially through Bitcoin ETFs and corporate buyers like MicroStrategy, there’s strong buying pressure in the market. Around 6% of Bitcoin’s total supply is now held by ETFs, which could help push prices higher.
While he admits there’s always room for surprises and acknowledges some traders are betting on $200K or higher, Stern views his $160K target as a balanced estimate.
Bitcoin has been trading steadily inside a price range, and the situation hasn’t changed much over the past few days. The cryptocurrency is still moving within a rising trend channel, with the upper boundary acting as resistance.
At the moment, Bitcoin is holding above $107,9000. If it manages to push a little higher, it could test the $130,000 region within this cycle. However, traders should be prepared for a possible dip towards the $100,000–$104,000 support zone in the coming sessions. If Bitcoin stays above this area during a pullback, it would be a positive sign for a fresh rally.
A deeper drop towards $91,000–$95,000 is still possible, but not necessary unless Bitcoin fails to hold its current range.
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