Bitwise says bitcoin could reclaim $100,000 before year-end as institutional adoption and demand for hard assets overcome near-term economic uncertainty. However, LO:TECH research head Adam Morgan McCarthy expects an $85,000 to $95,000 trading range into year-end as inflation and interest-rate risks constrain gains. Laser Digital senior derivatives trader Luca Invernizzi says a clear break above $90,000 could trigger traders to close more bearish positions. CoinShares research head James Butterfill says sustained gains require renewed buying after investment-product flows slowed. Bitcoin was trading around $81,500 at publication time.