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Strive CEO Sees Bitcoin Bottom, $120K Year-End
The CEO of Strive announced that Bitcoin has reached a bottom at its 200‑week moving average and he expects the price to climb to about $120,000 by the end of 2026.
Published:
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What happened
The CEO of Strive announced that Bitcoin has reached a bottom at its 200‑week moving average and he expects the price to climb to about $120,000 by the end of 2026.
Confirmed
Global impact / market context
If Bitcoin reaches $120,000, investors could see large gains, boosting confidence in crypto assets, encouraging more capital inflows, and potentially raising valuations for related tokens and blockchain firms.
Analyst inference
Cryptocurrency markets have been volatile, with Bitcoin trading near its 200‑week moving average, a technical level often viewed as strong support for price trends.
Analyst inference
What to watch
- Bitcoin price movements around the 200‑week moving average to see if it holds as support or breaks lower, which would affect the CEO’s price target credibility. Analyst inference
- Trading volume and institutional inflows into Bitcoin and other major cryptocurrencies, indicating whether investors are committing capital based on the bullish outlook. Analyst inference
- Regulatory developments from the SEC that could impact crypto market sentiment and the ability of firms like Strive to launch new crypto‑related products. Analyst inference
Affected assets
- BTC — Bitcoin
- ETH — Ethereum