Here’s When and How Bitcoin Price Will Hit $100K

Bitcoin (BTC) has made a strong recovery after the recent $5 billion short squeeze, but Charles Edwards, founder of Capriole Investments in an interview with John Gillen said the next big move for BTC will depend on what happens with U.S. policy, the Federal Reserve and institutional demand. He remains positioned long, yet sees $70,000 as the level Bitcoin must protect before the bullish outlook can continue.

You Can’t Be Too Bearish, Above $70K
Edwards says Bitcoin has already broken above two important levels, $65,000 and $70,000. For now, staying above $70,000 would keep the market looking bullish, while $71,000 is the next key level to confirm a stronger trend. The bigger support is around $60,000, so falling below $70,000 could weaken the current setup.

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