Bitcoin has managed to return above the $100,000 price mark after revisiting previous support levels at $98,286. While somewhat mixed, market sentiments remain bullish as a handful of Bitcoin proponents have reiterated their conviction that the asset could reach previously unseen levels before the end of the year.
Although the most bullish price forecasts for Bitcoin this year has typically started with a base price of $200,000, with pro-Bitcoin proponents like Robert Kiyosaki predicting $250,000 as a closing price for Bitcoin this year, one investor is outlining an interesting scenario for the asset, with price expectations going above the $150,000 mark but not at all crossing the $200,000 price level this year
According to Ryan Lee, Chief Analyst at Bitget Research, Bitcoin could increase its price value by 48.56% from its current level. Lee observed Bitcoin’s recent upward correction, explaining that ETF inflows contributed largely to the asset’s recovery.
Notably, U.S.-based Bitcoin ETFs saw the largest single-day inflow on Tuesday, June 28, with a total of $588.6 million recorded, according to data from Farside Investors. The new development marks 11 days of consecutive positive inflows—the longest period of consistent inflows recorded since December 2024.
Although Lee maintains that investors are exercising caution at this time, he predicts that Bitcoin is still well on its way to hitting new highs this year. According to his timeline, Bitcoin could secure a price value of $110,000-$115,000 within the third quarter of this year. His year-end price prediction $130,000-$160,000 is even more bullish.
For Ether, the second most valuable cryptocurrency by market cap, Lee predicts a $2,600-$2,800 attainable short-term target for the asset, but with increased expectations, he forecasts $5,500 as a long-term target.
At the time of this report, Bitcoin is up 0.95% from the previous day and is currently trading at $109,152 at press time
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