Crypto Trader Sees Bitcoin Hitting $160K by Year-End; ETH, SOL, ADA to Gain on Middle East Truce

Bitcoin BTC is backmost supra $106,000 aft dipping beneath 5 figures earlier this week, arsenic planetary markets steadied connected signs that a ceasefire betwixt Israel and Iran is holding.

Meanwhile, Ether ETH traded astatine $2,400, up 0.5% connected the day, approaching absorption adjacent $2,450. Dogecoin DOGE hovered astatine 16 cents aft a insignificant 0.6% rise, portion Solana’s SOL SOL dipped to $145, down 0.2%. Cardano’s ADA ADA slid astir 1.3% to 58 cents aft concisely investigating the 60 cents level earlier successful the week.

Ryan Lee, main expert astatine Bitget Research, said BTC’s inability to stabilize instantly aft its archetypal driblet beneath $99,000 signaled lingering caution, adjacent arsenic ETF inflows — present totaling $46 cardinal — proceed to supply structural support.

“Its imaginable arsenic a safe-haven shines through, but tempered hazard appetite delays recovery,” Lee said.

Despite this, Lee sees bitcoin hitting $110,000–$115,000 by Q3 and perchance $130,000–$160,000 by year-end. Lee expects ether to beryllium successful the $2,600–$2,800 successful the adjacent word and arsenic precocious arsenic $5,500 longer term.

The rebound comes amid a broader displacement successful hazard sentiment. U.S. equity futures edged higher connected Wednesday, gathering connected the Nasdaq 100’s grounds adjacent the erstwhile session, portion Asian stocks extended their two-day rally.

Treasuries firmed and the dollar steadied aft Federal Reserve Chair Jerome Powell said “many paths are possible” for monetary policy, reinforcing bets connected involvement complaint cuts arsenic user assurance weakens.

Bitcoin's betterment aft its play autumn has reignited statement implicit whether it’s maturing into a existent safe-haven plus oregon simply responding to macro tailwinds and ETF-driven flows.

“Bitcoin’s presumption arsenic a safe-haven plus is inactive taking shape,” said Gadi Chait, caput of concern astatine Xapo Bank. “Its V‑shaped betterment backmost supra $105K successful nether 48 hours aft falling into the nineties highlights its increasing liquidity and integration into mainstream portfolios.”

Chait added that portion geopolitical shocks often spark a formation to cash, caller cycles amusement that organization bids present assistance shallow the dips and accelerate rebounds.