Bitcoin prices have risen beyond the important $105,000 resistance and are currently aiming to exceed $106,000. But will Bitcoin soon become a new all-time hit? Analysts believe this could happen soon, especially when the entire Crypto market approaches its $4 trillion cap. Macro events such as the Fed’s June rate decision and Trump’s July tariffs can add fuel to the rally.
Wall Street expert Fred Kruger says he can double his Bitcoin forecast and start a big rally within 90 days.
He said buyers for the $20 billion US Treasury auction around July 21st were not enough. This could cause Bitcoin to surge to 158K-$165K within 24 hours.
BRICS may announce Gold-BTC payment system by July
On July 25th, Krueger hopes that BRICS countries will use gold and Bitcoin to unveil a new global payment system. This reduces dependence on the US dollar. The world would not buy it if the Fed chair followed suit as robust. He predicts that BTC will initially reach $180,000, and will jump to $215,000 after the Fed introduced yield curve control around August 4th.
Mid-August forecast: The country will shift reserves to Bitcoin, visible at $265,000
By mid-August, there may be a big move in Germany to support the euro with 10% gold. Countries like Venezuela and Nigeria could shift reserves to Bitcoin, and Tether could fire Bitcoin-backed stubcoin. These events could push Bitcoin to $265,000.
By early September, the Fed will begin considering launching the digital dollar as the Treasury will score more than 8.5% of the shots. The move could push Bitcoin to $390,000 in just a week. By mid-September, Krueger expects tech giants like Apple, Tesla and Google to begin adding Bitcoin to their balance sheets.
Prices could rise to $460,000 as more businesses and the entire Latin American country employ BTC.
Things don’t stop here. By late September, the IMF will launch a new global reserve basket with 50% of Bitcoin making up its price to $525,000. In early October, he hopes that the US will step in and restructure support for 25% in Bitcoin and 25% in Gold.
The Fed’s balance sheet is also $44 trillion, so CBDC will also be released. Bitcoin will then reach $600,000 and gold will reach $10,400.
Investors are dumping gold and cash as FOMO replaces fear with a shift in atmosphere.
– Eric Balchunas (@ericbalchunas) May 20, 2025
As investors dump their money in FOMO, BTC acquires steam
Bitcoin is undoubtedly stealing the spotlight as investors shift away from traditional safe havens like gold. With fear in the market declining and FOMO rising, many people bet on BTC with money. Bloomberg analyst Eric Barkunas reiterated the same sentiment.
Analyst Ali Martinez recently shared that Bitcoin has not yet erupted in a strong upward movement. He points out that in a lower time frame, Bitcoin forms a rising triangle. This is a chart pattern that brings prices to higher lows while facing resistance at the same level. It is currently trading at $106,962.
