VALR CEO’s Bullish Bitcoin Prediction Faces ‘Short-Term’ Tests

VALR CEO Farzam Ehsani maintains a bullish long-term outlook for Bitcoin, predicting significant growth, potentially reaching $130,000 by Q1 2026, contingent upon a capital rotation away from precious metals like gold and silver, which have recently seen massive gains.

Currently, Bitcoin's momentum is stalled because capital is flowing into metals, evidenced by a negative correlation between the two assets. However, Ehsani notes that long-term Bitcoin holders have stopped selling, suggesting the current sideways action is merely a "calm before the storm."

For the bullish macro thesis to play out, Bitcoin must overcome immediate technical hurdles driven by short-term holders (STHs). The key test is breaking the STH realized price near $99,100, which signals that break-even selling pressure has been absorbed. If Bitcoin can then clear the $101,600 level (the 365-day moving average), the bullish cup-and-handle pattern suggests continuation toward targets like $108,000.

(Source：BeInCrypto)