According to Foresight News, Ryan Lee, chief analyst at Bitget Research Institute, stated that from a technical perspective, Bitcoin is close to forming 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 at 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 entry of institutions, 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 scaling, its price is expected to reach between $3,900 and $6,900.
At the same time, Ryan also reminds investors to pay attention to the associated risks. If there is a large-scale profit-taking in the short term, Bitcoin may pull back to the $90,000–95,000 range, and Ethereum may also drop to $1,800. Investors are advised to continue monitoring key indicators such as U.S. Treasury yield, ETF fund inflows, and net flows from exchanges to assess the sustainability of market trends. It is particularly important to maintain patience and robust risk control before the next wave of increases is confirmed.
