Obstacles in Bitcoin's Journey to 150 Thousand Dollars: Famous Analyst Explained! - Coin Bulletin

21Shares Crypto Research Strategist Matt Mena predicts that Bitcoin could rise to levels of 150 thousand dollars by the end of 2025.

21Shares Crypto Research Strategist Matt Mena stated in an interview with The Block that the cryptocurrency market is still moving with cautious optimism as of the first quarter of this year. "This situation, while not entirely positive for risky assets, certainly does not carry an overly negative signal,” said Mena, adding that the market condition continues to remain on the “cautious side”.

The resilience of Bitcoin and future perspective

Bitcoin has shown a careful recovery despite the recent declines. Mena stated, "Bitcoin is an asset designed to remain strong in exactly such a macro environment." He emphasized that Bitcoin, as a non-sovereign asset resistant to inflation, can protect investors during times of crisis.

At this point, although there is uncertainty for the second quarter, it is predicted that Bitcoin may demonstrate a more positive performance considering its past cycles.

The rise of digital assets and future momentum

Mena, who provides a broader perspective on the future of cryptocurrencies, noted that developments in stablecoin regulations and government support for Bitcoin reserves in the United States could enhance investor confidence. He also added that improvements in regulations and a reduction in geopolitical risks could initiate a sustainable growth period for digital assets.

Mena predicts that Bitcoin could make a significant leap to reach 150,000 dollars by the end of 2025, and states that this situation could help Bitcoin break out of its current consolidation area and surpass the resistance levels of 100,000 dollars.

In the upcoming period, there are several key factors that could trigger momentum for digital assets. These factors may assist Bitcoin in breaking out of its current consolidation zone and surpassing major resistance levels such as 90 thousand dollars, 95 thousand dollars, and 100 thousand dollars. A breakout above these levels could open the doors for Bitcoin to leave behind its previous all-time high of 108.5 thousand dollars and potentially rise to 150 thousand dollars by the end of the year.