- Saylor predicts Bitcoin reaching around 150k by 2025, supported by regulatory sentiments shifting.
- Trade talks eased tensions while the Bitcoin price faced resistance and tracked technical retracement levels.
Michael Saylor, co-founder of the largest Bitcoin treasury holder Strategy, spoke with CNBC during the Money 20/20 event in Las Vegas on Monday, expressing a positive outlook on Bitcoin. He suggested that by the end of 2025, it could reach around $150,000. The projection arrived during a period when the digital asset market remained under pressure.
Saylor pointed toward recent actions by United States regulators and financial officials as supportive factors. The Securities and Exchange Commission signaled openness toward tokenized securities.
US Treasury Secretary Scott Bessent also expressed support for stablecoins in order to maintain the influence of the dollar. Both developments fueled confidence across several investor groups.
Saylor said,
Our expectation right now is that by the end of the year, it should be about $150,000, and that’s the consensus of the equity analysts who cover our company and the Bitcoin industry.
He referred to the past twelve months as “the best 12 months in the history of the industry.”
Global Trade Tensions Ease
Recent price pressure across cryptocurrencies came after a sudden market decline tied to international trade decisions. An announcement from US President Donald Trump regarding 100% additional tariffs on China prompted sharp reactions from global investors.
Officials from both countries adjusted messaging in the following weeks. Statements from leaders suggested progress toward compromise. Trump confirmed a planned meeting with China’s President Xi Jinping at the APEC gathering in Seoul on Friday.
Bessent stated on Sunday that the US and China reached a “substantial” trade agreement framework. He noted,
President Trump gave me a great deal of negotiating leverage with the threat of 100% tariffs on November 1, and I believe we have reached a very substantial framework that will avoid that and allow us to discuss many other things with the Chinese.
Analysts and investors see the development as a possible stabilizer for global markets.
Bitcoin Price Level and Technical Signals
Bitcoin trades at around $109,100 on Friday, reflecting nearly a 5% decline in the past week. The price met resistance at $115,137, a level traced from a major Fibonacci retracement range measured from the April low of $74,508 to the October high of $126,199. From that point, the price slipped across several sessions.
If Bitcoin closes below the 61.8% retracement marker near $106,453, analysts warn that the decline may push toward the October 10 low near $102,000. Indicators show pressure building on the downside. Daily Relative Strength Index sits near 43, which hints at waning buyer interest.
The Moving Average Convergence Divergence (MACD) also displays narrowing lines with lighter green histogram bars. The signal suggests fading momentum. However, a hold above $106,453 could push the price toward the 50-day exponential moving average around $112,872.
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