Bitcoin could reach $135,000 before entering a correction phase, according to a forecast shared by Katie Stockton, founder of Fairlead Strategies, in an interview with CNBC. The prediction is based on the “measured move projection” method — a technical analysis approach that uses the magnitude of past price swings to project future targets.
At the time of writing, Bitcoin is trading around $118,300, down 3% over the past 24 hours, according to CoinGecko.
“The two-month consolidation that preceded the recent breakout now feels like ancient history. If the current uptrend continues, we could see Bitcoin hitting $135,000 before a potential pullback,” Stockton explained.
She also noted that Bitcoin’s strong performance is boosting related assets, including shares of companies like Coinbase and MicroStrategy. Over the past seven days, Ethereum and XRP have surged by 16% and 25%, respectively.
On July 14, Bitcoin set a new all-time high above $123,000. Its market capitalization surpassed Canada’s GDP, highlighting the growing significance of the digital asset.
Previously, analysts at TD Cowen predicted that Bitcoin could reach $155,000 by the end of 2025.
