Bitcoin Smashes Through $95K—Analysts Eye Six-Figure Targets Next
BTC’s relentless rally leaves Wall Street scrambling as the orange coin defies gravity—again. Here’s where the smart money says it’s headed.
Subheader: The $100K psychological barrier is now in play
With Bitcoin clearing $95,000 like a hot knife through institutional FUD, traders are mapping exit strategies for when (not if) it hits six figures. ’This isn’t 2021’s meme-fueled pump,’ notes one crypto quant. ’This is BlackRock’s algo traders front-running the Fed’s rate cuts.’
Subheader: Shorts get liquidated while ’HODL’ memes go viral
Futures markets bled $240M in bearish positions within hours of the breakout. Meanwhile, Bitcoin maximalists are—shockingly—still not selling. ’We told you so’ t-shirts now outsell ’stablecoins’ in crypto merch stores.
Closing jab: Traditional finance still can’t decide if Bitcoin is a inflation hedge, a tech play, or the reason their junior analysts keep requesting pay in BTC.
Bitcoin above $95,000 | CoinMarketCap
Alfred Sets Next Bitcoin Targets
Following Bitcoin’s surge above the $95,000 mark, Alfred expects Bitcoin to continue its sprint toward the $109,000 territory. He emphasized that there is nothing but clear air between the $95,000 mark and the projected target of $109,000, indicating that Bitcoin will not encounter any significant resistance along the way.
Further, the Bitcoin maxi projects that Bitcoin will continue its ascent toward a lofty target of $315,000. Similarly, he does not think BTC will face any resistance on its potential rise to the $315,000 mark, as he expects nothing but clear skies for the premier asset.
Timeline for Bitcoin Surge to $315K
For context, Alfred has remained confident in Bitcoin’s rise to $315,000 in the past two years. He first issued the bullish prediction in January 2023, when Bitcoin was trading around $16,000. At the time, he predicted that Bitcoin would clinch this ambitious milestone by Q4 2025.
The expert believes that once Bitcoin eventually reaches the $315,000 target, it would be completely irrelevant whether investors bought it at around $60,000.
Reaching the $315,000 target requires a 229% increase from the current price of $95,500. At this price, Bitcoin’s market cap would soar to $6.25 trillion, assuming the circulating supply remains stable at 19.85 million BTC.
Meanwhile, the Bitcoin maxi slammed BTC bears, noting that they are in ’complete disarray’ amid the asset’s latest move above the $95,000 mark. He warned his followers not to bet against Bitcoin, as the premier asset has a tendency to ’break anyone who fades it.’
