Ahuja characterized Bitcoin’s latest rebound as a fragile reprieve, not a confirmed recovery.
He said Wednesday’s gains came from buying and short covering after the election removed some political uncertainty, briefly pushing Bitcoin back above $80,000. Selling pressure returned on Thursday, sending the price down to around $75,000. He believes the market has already priced in some probability of a Democratic victory, so continued weakness in November would not be surprising.
· He remains constructive over the long term, provided liquidity improves and institutional demand continues to return. On that basis, he sees a range of $120,000 to $150,000 by the end of 2027—his personal forecast, not an established fact.
Which do you think matters more: liquidity conditions or signs that institutional demand is returning?
He said Wednesday’s gains came from buying and short covering after the election removed some political uncertainty, briefly pushing Bitcoin back above $80,000. Selling pressure returned on Thursday, sending the price down to around $75,000. He believes the market has already priced in some probability of a Democratic victory, so continued weakness in November would not be surprising.
· He remains constructive over the long term, provided liquidity improves and institutional demand continues to return. On that basis, he sees a range of $120,000 to $150,000 by the end of 2027—his personal forecast, not an established fact.
Which do you think matters more: liquidity conditions or signs that institutional demand is returning?
