Bitcoin’s choppy price action below $99,000 reflects lingering investor caution, but structural support from $46 billion in ETF inflows continues to underpin the market, according to Ryan Lee, Chief Analyst at Bitget Research.
Lee noted that Bitcoin’s failure to stabilize immediately after dipping below the $99,000 mark signaled hesitant sentiment, despite its growing role as a macro hedge asset. “Its potential as a safe-haven shines through, but tempered risk appetite delays recovery,” he said.
Despite short-term volatility, Lee remains bullish. He forecasts BTC reaching $110,000 to $115,000 in Q3, with a potential rally toward $130,000–$160,000 by the end of 2025, driven by sustained institutional demand and broader adoption trends.
Lee also expects Ethereum to trade in the $2,600–$2,800 range in the near term, with longer-term upside targets of $5,500, reflecting its role in network utility and future ETF tailwinds.
While short-term caution persists, Lee’s outlook suggests confidence in a strong second-half recovery for crypto’s top assets.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitget-expects-bitcoin-to-reach-160k-by-year-end-despite-sluggish-recovery/