Could Bitcoin Bounce Back to $150K by Year-End from Its Current $115K?

Despite Bitcoin experiencing a significant pullback to around $113K at the end of July, the market remains optimistic about its potential to rise towards the end of the year. According to TeraHash's analytics team, Bitcoin is projected to trade between $130K and $150K by year-end, given that ETF inflows persist and macroeconomic conditions stay steady. Several factors contribute to this outlook, including the anticipated Federal Reserve rate cut in September, regulatory clarity, and the full implementation of Europe's MiCA framework in Q4.

Furthermore, the growth of Hashrate-as-a-Service (HaaS) offerings among institutional investors is expected to impact the market positively. Meanwhile, prominent figures in the financial world, including Tom Lee of Fundstrat Global Advisors and billionaire CEO Mike Novogratz, predict Bitcoin could reach $1 million by the end of 2025.