Daily News 19

Tag: Bitcoin price forecast

  • Fidelity Executive Issues Ultra-Bullish Bitcoin Price Forecast

    Fidelity Executive Issues Ultra-Bullish Bitcoin Price Forecast

    Key Highlights

    • Fidelity’s Jurrien Timmer identifies $80,000 as a critical support level for Bitcoin, suggesting a sustained breakout could confirm a double bottom pattern targeting $100,000.
    • Timmer’s long-term “power law” model projects Bitcoin could reach approximately $300,000 by 2029 if the $60,000 level holds.
    • The Global Macro Director maintains that Bitcoin and the Bloomberg Commodity Spot Index remain effective portfolio diversification tools for investors.

    Fidelity’s Timmer Flags $80,000 as Pivotal Bitcoin Support Level

    Jurrien Timmer, Global Macro Director at Fidelity Investments, has signaled that Bitcoin is testing a decisive technical threshold that could dictate the cryptocurrency’s near-term trajectory. According to Timmer’s analysis, the $80,000 price level represents a critical support zone that, if defended, may validate a bullish double bottom chart formation. A confirmed breakout from this structure would technically target a move toward the $100,000 mark, offering a clear, measurable objective for market participants monitoring price action.

    Power Law Model Points to $300,000 Long-Term Target

    Beyond the immediate technical setup, Timmer referenced Bitcoin’s adherence to a mathematical “power law” price pattern over longer time horizons. This quantitative framework suggests that the asset’s logarithmic growth trajectory remains intact. The analyst noted that as long as Bitcoin sustains above the $60,000 level, the power law model projects a potential price target of approximately $300,000 by 2029. This long-range forecast underscores Timmer’s view that the current consolidation phase may represent a cycle accumulation period rather than a structural breakdown.

    Diversification Role Reinforced Amid Market Volatility

    Addressing portfolio construction, Timmer reiterated that Bitcoin continues to serve as a robust diversification instrument alongside traditional commodity exposure. He specifically highlighted the Bloomberg Commodity Spot Index as a complementary asset class, noting that both have demonstrated low correlation to equities and fixed income during periods of market stress. This perspective aligns with Fidelity’s broader institutional research advocating for alternative assets to enhance risk-adjusted returns in multi-asset portfolios.

    Why This Matters

    Timmer’s commentary carries weight given Fidelity’s position as a major institutional asset manager with over $4 trillion in assets under administration. His technical and quantitative assessment provides a framework that bridges short-term chart analysis with long-term adoption curves. The $80,000 level has acted as both resistance and support throughout 2024 and early 2025, making it a widely watched pivot point. Confirmation of a double bottom would signal exhaustion of selling pressure, while the power law projection offers a valuation anchor rooted in network growth metrics rather than speculation. For institutional allocators, the emphasis on Bitcoin’s diversification properties alongside commodities reinforces the narrative of digital assets as a maturing asset class rather than a speculative vehicle.

    Frequently Asked Questions

    What is the significance of the $80,000 level for Bitcoin according to Jurrien Timmer?

    Timmer identifies $80,000 as a critical support level. A sustained upward breakout from this level could confirm a double bottom technical formation, which projects a price target of approximately $100,000.

    What is the “power law” model and what does it project for Bitcoin?

    The power law is a mathematical price pattern Timmer observes in Bitcoin’s long-term history. If Bitcoin holds above $60,000, this model suggests the start of a new cyclical bull market with a price target of roughly $300,000 by 2029.

    Does Fidelity view Bitcoin as a portfolio diversifier?

    Yes. Timmer stated that Bitcoin and the Bloomberg Commodity Spot Index continue to be strong diversification tools for investors, implying low correlation with traditional asset classes like stocks and bonds.

  • Bitcoin Nears $90K as Bybit Fuels Market Excitement

    Bitcoin Nears $90K as Bybit Fuels Market Excitement

    Key Highlights

    • Bitcoin approaches the psychologically significant $90,000 threshold, drawing heightened trader attention and speculation on near-term price direction.
    • Crypto exchange Bybit launches a prediction campaign offering 17,000 USDT in rewards for accurate forecasts on whether BTC surpasses $90K by September 25.
    • Broader market signals remain mixed, with varying momentum across major assets and large wallet movements signaling potential volatility ahead.

    Bitcoin Nears $90K Milestone as Bybit Fuels Trader Engagement

    Bitcoin’s latest price surge has placed the cryptocurrency within striking distance of the $90,000 level, a round-number barrier that historically acts as both a psychological magnet and a resistance zone. The advance comes amid a flurry of social-media chatter and on-chain activity, with Bybit, one of the world’s largest derivatives exchanges, amplifying the conversation through a public prediction initiative. The campaign invites users to forecast whether BTC will trade above $90K by September 25, allocating a 17,000 USDT prize pool to participants who submit the closest estimates. By framing the milestone as a community-driven event, Bybit is leveraging its platform reach to convert passive market observation into active engagement, a tactic that also generates real-time sentiment data for the exchange’s own risk models.

    Market Structure Shows Divergent Momentum Across Major Assets

    While Bitcoin commands the spotlight, the broader digital-asset landscape is flashing mixed signals. Ethereum, Solana, and several layer-one tokens have failed to replicate BTC’s relative strength, creating a dispersion in performance that often precedes heightened cross-asset volatility. On-chain analytics indicate that several high-net-worth wallets have shifted sizable BTC positions between cold storage and exchange deposit addresses in recent sessions, a pattern that frequently foreshadows increased order-book activity. Traders are interpreting these transfers as potential precursors to either profit-taking near the $90K level or repositioning for a breakout attempt, underscoring the importance of monitoring wallet flows alongside price charts.

    Bybit’s Campaign Design Encourages Analytical Participation

    The exchange’s prediction mechanic requires entrants to submit a specific price target rather than a simple binary choice, compelling participants to incorporate technical levels, funding-rate dynamics, and macroeconomic inputs into their models. This structure transforms what could be a speculative guess into a crowdsourced forecasting exercise, producing a distribution of expectations that Bybit can compare against its internal order-flow metrics. Rewards are denominated in USDT, the dominant stablecoin for derivatives margin, ensuring that payouts remain liquid and immediately reusable for further trading. The September 25 cutoff aligns with the weekly options expiry cycle, a period when gamma hedging by market makers often amplifies intraday swings.

    Why This Matters

    The convergence of a round-number psychological barrier, a major exchange’s gamified sentiment probe, and detectable whale-wallet repositioning creates a high-probability window for elevated volatility. For institutional desks, the $90K zone represents a key reference point for structured-product knock-in/knock-out barriers and delta-hedging adjustments. Retail participants, meanwhile, gain a transparent, incentive-aligned mechanism to test their market-reading skills against a broad peer group. Regulators and market-surveillance teams will likely scrutinize the campaign’s order-flow footprint to ensure no coordinated manipulation occurs around the prediction deadline. Ultimately, how Bitcoin behaves at this juncture will set the tone for Q4 risk appetite across the entire crypto complex, influencing everything from ETF flow trajectories to altcoin correlation regimes.

    Frequently Asked Questions

    What is the exact deadline for Bybit’s Bitcoin price prediction campaign?

    The campaign closes on September 25, coinciding with the weekly options expiry that often intensifies short-term price action.

    How large is the reward pool and in what asset is it paid?

    Bybit has allocated 17,000 USDT, paid in the Tether stablecoin, to be distributed among users who submit the most accurate BTC price forecasts.

    Why are large wallet movements considered a leading indicator for volatility?

    Transfers between cold storage and exchange addresses typically signal intent to trade; sizable inflows can precede sell pressure, while outflows may indicate accumulation or custody changes, both of which affect order-book depth and price stability.

  • TD Cowen Sees 90% Upside for Smarter Web as Preferred Share Plan Advances

    TD Cowen Sees 90% Upside for Smarter Web as Preferred Share Plan Advances

    TD Cowen has raised its price target for The Smarter Web Company to £0.73 ($0.99) from £0.64 ($0.87) while maintaining a Buy rating, following the Bitcoin treasury firm’s proposal for a new perpetual preferred-share offering.

    In a Monday note to clients, analysts led by Lance Vitanza said the planned MORE preferred shares could provide another source of long-term capital and expand financing options for the London-listed company. Shares traded at £0.385 ($0.52) on Monday, up 1.32% from Friday’s close of £0.38 ($0.51), according to London Stock Exchange data. The revised target implies roughly 90% upside from Monday’s trading level.

    The increase partially reverses TD Cowen’s July adjustment, when the investment bank lowered its target from £1 to £0.64 after updating Bitcoin forecasts and treasury assumptions.

    Preferred Shares to Expand Capital Options

    The revised valuation follows Smarter Web’s September 11 announcement that it is considering an initial public offering of a new class of perpetual preferred shares under the reserved ticker MORE. TD Cowen said the proposed structure could give the company another route to raise long-duration capital alongside existing financing tools for its Bitcoin treasury operation.

    “More broadly, we view the initiative as evidence of increasing sophistication across the bitcoin treasury ecosystem as issuers explore preferred equity, secured credit facilities, convertible securities, and other forms of structured capital,” the analysts wrote.

    Smarter Web plans to raise between £15 million and £25 million in gross proceeds through the potential offering, with a minimum £10 million fundraising condition. Admission depends on shareholder approval and Financial Conduct Authority approval of a prospectus. The preferred shares are expected to carry a cumulative variable-rate preferential dividend paid weekly, include a liquidation preference, and grant the company redemption rights. MORE shares would not carry voting rights at general meetings. A general meeting is scheduled for September 28 for ordinary shareholders to vote on changes needed to create the new preferred-share class. If conditions are met, the securities are intended for admission to the Main Market of the London Stock Exchange.

    The proposal follows other Bitcoin treasury companies using preferred securities to raise capital. Strategy has built several preferred-stock products around its Bitcoin financing model, while Strive has used preferred equity as part of its treasury funding structure. Strategy’s STRC preferred stock was listed by Binance in July after the company expanded its use of the security for funding and dividend-related capital management. Bitfinex Securities later listed tokenized treasury products linked to several public Bitcoin holders, including a product providing economic exposure to Strategy’s STRC preferred shares.

    Bitcoin Treasury Performance and Recent Activity

    TD Cowen’s revised target came as analysts assessed Smarter Web’s Bitcoin treasury performance following a financing repayment that temporarily reduced its holdings. The company reported a Bitcoin Yield of approximately 11.5% for the year through September 2, despite an approximately 420 basis point drag caused by the July 23 repayment of the TOBAM-backed Smarter Convert instrument.

    Smarter Web sold 177.8909127 BTC to repay the financing early, using Bitcoin originally purchased with proceeds from the instrument. As crypto.news previously reported, the $11.7 million repayment occurred around two weeks before maturity and removed the potential issuance of more than 7.7 million ordinary shares associated with the convertible structure. Chief executive Andrew Webley said at the time that the convertible had provided an alternative financing source during an earlier stage of the company’s treasury expansion, but management no longer considered convertible instruments the preferred funding option for its current position.

    The repayment left Smarter Web with exactly 2,700 BTC. It resumed buying soon afterward, purchasing another 11.89 BTC and bringing holdings to 2,712 BTC in early August. That purchase moved the company to 28th place in BitcoinTreasuries’ ranking of public corporate Bitcoin holders at the time.

    Smarter Web has used several funding channels during its treasury expansion. In May, the company disclosed it had drawn £18 million from a Coinbase credit facility secured against Bitcoin, with a leverage ratio of roughly 12.19%. The facility carried a variable interest rate of 6.75% to 7.25% and could be repaid without penalty. At the time, the company had increased its holdings to 2,869 BTC after purchasing 10 BTC at an average price of £55,786 per coin. Its total investment in Bitcoin stood at £232.48 million, with an average acquisition cost of £81,032 per BTC.

    Valuation Underpinned by Bitcoin Price Forecasts

    Bitcoin was approaching $78,000 on Monday and remained approximately 38% below its all-time high near $126,000. TD Cowen’s base case assumes Bitcoin reaches roughly $100,000 by December. Its upside scenario puts the cryptocurrency at $175,000, while the downside case assumes a decline to $25,000.

    The bank had previously revised its Smarter Web valuation in July after changing its Bitcoin price assumptions. At that point, TD Cowen assigned £63 million to the company’s treasury operations and projected year-end 2026 Bitcoin holdings worth £229 million. After accounting for an estimated £18 million of net debt, the analysts arrived at an equity value of £274 million, equivalent to £0.64 per share based on 426 million fully diluted shares.

    Company Background and Growth Strategy

    Smarter Web began building its Bitcoin treasury in 2025 under its long-term “10 Year Plan.” The company started accepting Bitcoin payments in 2022 before making BTC accumulation part of its corporate treasury policy. Its Bitcoin position expanded quickly through repeated purchases during 2025 and 2026, supported by equity raises, convertible financing, and secured borrowing. The firm moved from Aquis to the London Stock Exchange’s Main Market in February 2026. TD Cowen expects Smarter Web’s acquisition activity to gradually return to the pace recorded during fiscal 2025 as the company continues developing its treasury and operating businesses.

  • Former Credit Suisse Executive Reveals Extremely Bullish Bitcoin Price Forecast

    Former Credit Suisse Executive Reveals Extremely Bullish Bitcoin Price Forecast

    Institutional interest in Bitcoin continues to generate notable market predictions. CK Zheng, a former global valuation risk manager at Credit Suisse, said Bitcoin’s worst period may be over and forecast that the price of $BTC could reach $150,000 by the end of 2027.

    Regulation and institutional adoption could support Bitcoin

    According to Zheng, several factors could help trigger a new Bitcoin bull cycle. These include lower regulatory uncertainty across the cryptocurrency sector, continued institutional adoption, and the potential passage of the US regulation known as the CLARITY Act.

    Zheng also said rising US government debt could increase demand for both Bitcoin and gold. Investors may increasingly turn to $BTC and gold as hedges against a potential decline in the dollar’s purchasing power. Bitcoin was trading at approximately $78,535 when the statements were made.

    Strategy resumes Bitcoin purchases

    Strategy Chairman Michael Saylor also announced that the company has resumed buying Bitcoin.

    Data shared by Saylor via X showed that Strategy purchased an additional 4,603 $BTC for approximately $370 million. During the same period, the company increased its cash assets by $29 million, while the value of its share buybacks rose by $152 million.

    Saylor said that, as of August 30, 2026, Strategy held a total of 845,050 $BTC and $6.71 billion in US dollar assets. The company’s net leverage was also reported to have declined to 0%.

    At Bitcoin’s current price of around $78,535, Strategy’s 845,050 $BTC holdings have an estimated market value of approximately $66.4 billion. If Zheng’s $150,000 price target is reached, the theoretical value of the company’s current Bitcoin reserve could exceed $126.7 billion.

    A chart shows the current price of $BTC.

    This is not investment advice.