Bitcoin has been falling over the weekends for five consecutive weeks, but this trend is expected to reverse this week. A small pump over the weekend could trigger ETF inflows on Monday, driving Bitcoin to challenge $100,000, followed by a test of $102,500. Recently, Bitcoin's weekend performance has been particularly weak due to negative news. Over the weekends of January 25-26, it was impacted by news related to DeepSeek, and on February 1-2, it was affected by news of tariffs between Canada and Mexico. Kendrick joked, 'No matter how holders of long positions feel when picking up their kids for weekend activities in the rain, this decline is not normal.' The upcoming weekends of February 15-16 will be 'different from the past.' The Unfavourable Information event has been digested, and if the 10-year US Treasury yield drops below 4.5% this week, it will increase the probability of a market rebound, which is a positive signal for risk assets like Bitcoin. Kendrick has been making aggressive predictions about Bitcoin for the long term. Earlier this month, he stated that with the expansion of investor channels and decreasing volatility, Bitcoin is expected to reach $500,000 by 2028. His specific forecast is $200,000 by the end of 2025, $300,000 by the end of 2026, $400,000 by the end of 2027, $500,000 by the end of 2028, and maintained until the end of 2029.

GALA5S1,08%
OM1,08%
LTC-1,54%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
IsYourStarHotelvip
· 2025-02-16 03:34
Buckle up, To da moon soon 🛫 Hold on tight HODL💎 Get on board quickly! 🚗 Just go for it 💪
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)