"Bitcoin could reach $138,555 by the end of the year... Long-term holders continue to accumulate"

Minseung Kang

Summary

21Shares reported that Bitcoin could reach up to $138,555 by the end of this year.
The report projected that Bitcoin would continue its long-term upward trend despite global macroeconomic uncertainties.
According to on-chain indicators, long-term holders are continuing to accumulate, which is seen as a positive signal for Bitcoin's price increase.

Bitcoin (BTC) is projected to reach up to $138,555 by the end of this year.

According to CoinDesk, a cryptocurrency media outlet, crypto asset management firm 21Shares recently reported that "the current Bitcoin market trend is similar to 2021," noting that "back then, China's mining ban caused a temporary adjustment, but the long-term upward trend was maintained." The report also stated, "In this cycle, global tariff policies and other macroeconomic uncertainties are acting as short-term shock factors, but the long-term upward trend is likely to continue."

The report continued, "Despite recent tariff shocks, Bitcoin has maintained its price without panic selling, and its role as a hedge against risks in the existing financial system has been highlighted."

21Shares predicted, "Bitcoin may see a short-term adjustment to around $77,000, but the overall trend suggests it could reach $138,555 by the end of the year." This implies an additional 64% upside potential from the current price.

The report added, "On-chain indicators show that long-term holders are continuing to accumulate. It appears to have entered a consolidation phase."

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