Analysis Predicts Bitcoin Price Could Reach $150,000 by 2027

Utkarsh Ahuja, founder of Moon Pursuit Capital, stated that the rebound of Bitcoin after the U.S. midterm elections remains fragile, characterized as a relief rally rather than a confirmed recovery. On Wednesday, Bitcoin briefly recovered to $80,000, but fell back to around $75,000 on Thursday, reflecting a return of selling pressure. Ahuja believes the market may have already absorbed some of the impacts of the Democratic victories, and continued weakness in November would not be surprising. He holds a constructive long-term outlook, predicting that if liquidity improves and institutional demand continues to return, Bitcoin could rise to a range of $120,000 to $150,000 by the end of 2027. To confirm a sustained recovery, it is necessary to observe spot buying, inflows into Bitcoin ETFs, and whether it can hold its ground during pullbacks. He also noted that Democratic control of Congress could delay or reshape legislation such as the Clarity Act, but global liquidity, interest rates, and institutional demand are more crucial for Bitcoin's long-term trajectory.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.