Bitcoin’s price has been steadily climbing, but will it continue? Let’s look at what some experts are saying.
Short-Term Predictions
Recent technical analysis suggests Bitcoin could reach around $129,690 by September 15th, 2025—an 11% increase from its current price. Market indicators like the Fear & Greed Index (currently at 64, indicating “Greed”) also point to bullish momentum. However, this momentum isn’t exactly off the charts; Bitcoin has seen only 43% positive days in the last month, with relatively low volatility.
A Cautious Outlook
Canary Capital CEO, Steven McClurg, offers a more conservative prediction. He believes there’s only about a 27% upside potential remaining in this cycle before a downturn. He estimates a greater than 50% chance Bitcoin will hit the $140,000-$150,000 range this year, representing a 20-30% increase from current levels. He envisions a controlled price increase followed by a reversal if major buyers pull back.
Fueling the Rise: Institutional Investors
Recent Bitcoin price gains are largely attributed to increased institutional investment, including inflows from Bitcoin ETFs and significant treasury purchases. McClurg notes that sovereign wealth funds and insurance companies are showing increased interest, but he expects this buying spree to peak soon. A slowdown in institutional buying could significantly impact price growth.
Macroeconomic Factors and the Fed
McClurg also highlights concerns about the overall economy and the Federal Reserve’s monetary policy. He’s critical of the Fed’s actions, believing they should have cut interest rates earlier. However, he anticipates rate cuts in September and October, a prediction supported by market pricing. The Fed’s actions will be crucial; rate cuts could boost Bitcoin, but they could also signal deeper economic problems, negatively affecting the market.
The Bullish Counterpoint
Not everyone shares McClurg’s cautious outlook. Cathie Wood of ARK Invest predicts a much more substantial rise, forecasting a potential price of $1.5 million by 2030. She attributes this to growing institutional demand and Bitcoin’s limited supply. Similarly, Michael Saylor and Mike Novogratz also foresee significant price increases, with Novogratz suggesting a mid-term target of $150,000 and a potential long-term range of $500,000-$1 million, depending on macroeconomic conditions and institutional buying.
