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Bitget Expects Bitcoin to Reach $160K by Year-End Despite Sluggish Recovery

  • Despite Bitcoin's recent volatility and failure to stabilize below $99,000, Bitget's Lee remains bullish, forecasting BTC to reach $110,000-$115,000 in Q3 and potentially rally to $130,000-$160,000 by 2025 end due to institutional demand and adoption trends.
  • Lee also expects Ethereum to trade in the $2,600-$2,800 range in the short term, with long-term targets of $5,500, driven by network utility and potential ETF tailwinds.
  • Despite cautious sentiment, Lee's outlook suggests confidence in a strong recovery for top crypto assets in the second half.
  • The news pertains to Bitget's optimistic forecasts for Bitcoin and Ethereum despite current market conditions, highlighting potential price targets and factors influencing cryptocurrency markets.

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