Bitget Research Institute: Bitcoin is expected to reach $180,000 within the year
ChainCatcher news, Bitget Research Institute's chief analyst Ryan Lee stated that from a technical perspective, Bitcoin is approaching the formation of a "golden cross" pattern, which is expected to initiate a new upward trend. This signal is highly similar to the trend of Bitcoin rising from $70,000 to $100,000 by the end of 2024, with a short-term target range of $110,000 to $125,000.From a medium-term trend perspective, the outlook is optimistic. Driven by the inflow of spot ETF funds, tightening supply after the halving, and continuous institutional entry, Bitcoin is expected to reach between $112,000 and $180,000 within the year. Regarding Ethereum, if ETH-related ETFs gain more attention and the "Pectra" upgrade makes substantial progress in L2 expansion, its price is expected to reach between $3,900 and $6,900.Investors should also be aware of the associated risks. In the short term, if there is a large-scale profit-taking, Bitcoin may pull back to the $90,000–$95,000 range, and Ethereum may also drop to $1,800. It is recommended that investors continue to monitor key indicators such as U.S. Treasury yields, ETF fund inflows, and net flows on exchanges to assess the sustainability of market trends. Patience and robust risk control are particularly important until the next wave of increases is confirmed.