Hassan Maishera
TL;DR
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Bitcoin added more than 1% to its value on Sunday and now trades above $109k.
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Its positive performance comes after dropping below $106k on Friday following Trump’s tariff threats.
Bitcoin Nears $110k, Analysts Eye $150k
Bitcoin, the leading cryptocurrency by market cap, performed positively over the weekend after a poor end to last week. BTC’s price dropped below the $106k level on Friday after President Trump’s announced a surprise 50% tariff on EU imports.
The announcement saw Bitcoin drop sharply from its all-time high of $111k on Friday to a low of $106,670. However, the market has sharply recovered, with BTC adding more than 1% to its value in the last 24 hours to now trade above $109,500.
Market analysts are now predicting that BTC’s price could hit the $150k level soon. While speaking to Cryptowisser, Ruslan Lienkha, chief of markets at YouHolder, stated that the sustainability of Bitcoin's recent momentum largely hinges on the broader sentiment across financial markets, particularly the performance of U.S. equities.
“Simply put, as long as the U.S. stock market remains stable, Bitcoin will likely maintain its upward trajectory. However, there are emerging risks, particularly in the bond market. The yield on 30-year U.S. Treasuries has recently climbed to 5% again, which could signal rising concerns over inflation and economic stability. A broader sell-off in the bond market could eventually spill over into other asset classes, including equities and crypto, potentially tempering Bitcoin's rally,” Lienkha added.
Bitcoin’s rally could continue as more institutions add BTC to their balance sheets. Lienkha stated that it is increasingly common to see Bitcoin allocated as a small but strategic component in diversified investment portfolios. This shift reflects the growing recognition of Bitcoin as a legitimate asset class and a potential long-term store of value, even if its adoption among institutions is still in the early stages. The macroeconomic factors could be responsible for Bitcoin’s push to the $150k zone in the coming weeks or months.
Lienkha concluded that,
“Bitcoin already possesses sufficient internal catalysts to reach the $150K level. Factors such as post-halving supply constraints, continued institutional adoption, and the expansion of Bitcoin ETF inflows provide strong structural support. Given these fundamentals, even a stable and moderately positive macroeconomic environment over the medium term could propel Bitcoin toward the $150K mark.”
