Bitcoin Projected to Hit $135,000 Before Entering Corrective Phase, Says Analyst
Bitcoin could surge to $135,000 in the intermediate term before entering a potential corrective phase, according to Fairlead Strategies founder and managing partner Katie Stockton. Her prediction follows Bitcoin’s breakout to a new all-time high earlier this week.
Speaking with CNBC, Stockton said Bitcoin’s recent rally — fueled by a prolonged consolidation period — has paved the way for a bullish continuation pattern. Using “measured move projections” derived from technical breakouts, she said the next likely target is $135,000.
“That puts Bitcoin at around $135,000 as an intermediate-term objective,” she stated.
Stockton also noted positive momentum across the broader crypto ecosystem, citing strength in crypto-related equities such as Coinbase and Strategy, as well as price movements in Ethereum (ETH) and XRP.
Other Analysts Share Bullish Targets
Bitcoin reached a record $122,871 on Coinbase before briefly retreating below $120,000. Analysts across the industry are issuing similarly bullish forecasts.
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Markus Thielen, head of research at 10x Research, predicts a move to $133,000 within two months, citing the July 10 breakout signal, which historically precedes 20% rallies.
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LVRG Research director Nick Ruck echoed the sentiment, saying, “Investors are still looking at $150,000 as the next major price level to reach during this cycle.”
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Cointelegraph analysts marked $132,000–$138,000 as a “reasonable short-term target,” with price action hinting at a bull flag breakout pattern.
Year-end projections remain even more ambitious. Thielen reiterated his $160,000 target, barring unforeseen black swan events.
Retail Investors Still on the Sidelines
Despite Bitcoin’s explosive growth, retail investors have yet to fully enter the market. Indicators such as search trends and crypto app downloads remain subdued.
“This rally is still driven by institutional capital,” said Nic Puckrin, founder of The Coin Bureau. He anticipates that retail FOMO (fear of missing out) will likely begin around the $150,000 level.
Bitcoin Flips Amazon in Market Cap
Bitcoin’s surge has propelled its market capitalization to $2.4 trillion, allowing it to overtake Amazon as the fifth-largest asset globally.
Still, as James Lavish, co-founder of the Bitcoin Opportunity Fund, points out, Bitcoin remains relatively small when compared to larger asset classes like equities, real estate, bonds, and gold.
