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Adam Lynch, Director of Financial Modeling at the Schwab Financial Research Center, assessed the recent developments in the Bitcoin (BTC) chart. Noting that Bitcoin is trading around $69,000 with a 5% weekly increase, Lynch specifically highlighted the $65,000 range.
According to Lynch, this level has repeatedly acted as both support and resistance in the past. Investors are waiting for sustained closes above or below this level to confirm the direction of the trend. There is a significant accumulation of leverage in this price zone; a drop below $65,000 could trigger a sell-off.
Ark Invest CEO Cathie Wood assessed Bitcoin’s recent underperformance by comparing it to gold. According to Wood, this situation stems from systematic algorithmic models that code the cryptocurrency as a “high-beta risk asset” rather than a store of value. However, Wood reiterated that the overall uptrend remains unbroken and that she sees volatility as an opportunity.
Another noteworthy topic in the program was Elon Musk’s AI model Grok 4.2 Heavy’s Bitcoin prediction. According to the AI model, which ranks highly in live trading competitions, the Bitcoin price expectations are as follows:
- End of 2026: $155,000.
- Peak price in 2027: $240,000.
Grok points to expansion in the money supply, increased liquidity, ETF inflows, and regulatory clarity as the main drivers of this rise.
*This is not investment advice.
cointelegraph.com
cryptoslate.com
news.bitcoin.com
