Will Bitcoin Price Rise Again? What Do Industry Experts Say?
Bitcoin recently fell to $81,000 as institutional flows weakened. Bloomberg analyst Mike McGlone warned that BTC could revisit $10,000.
Meanwhile, other analysts say conditions are building for the next wave of bullish activity. Austin Arnold of Altcoin Daily notes that blockchain data shows that wallets holding more than 1,000 BTC rose 2.2% to 1,384, a four-month high. Arnold describes this as a “generational dip buying opportunity.”
Other Bullish Signals for Bitcoin
Citibank attributes the recent weakness to a temporary liquidity crunch stemming from the US government shutdown, the October flash crash, ETF withdrawals, and a liquidity drop of over $500 billion. With the government reopening and Treasury issuance stabilizing, Citi expects liquidity to return, which could support Bitcoin.
Sentiment remains at extreme fear levels, with the Crypto Fear & Greed Index reaching 10. However, models like CryptoCon’s Descending Gold Curves predict that BTC could reach $160,000-$170,000 within six weeks.
MicroStrategy’s Michael Saylor points to Bitcoin’s decreasing volatility and his company’s continued accumulation of over 640,000 BTC. Gemini co-founder Cameron Winklevoss calls it the “last chance” to buy below $90,000, suggesting BTC could eventually reach $1 million.
While near-term uncertainty persists, structural signals are increasingly positive. If liquidity conditions improve and whale buying continues, the next major upside wave may already be underway.
Bitcoin is trading 3.29 percent higher at $87,350 today as investors wonder whether this decline is mid-cycle or the start of a new parabolic rise.
*This is not investment advice.
