On July 15, Katie Stockton, founder and executive partner at Fairlead Strategies, highlighted to CNBC that the recent market breakthrough marks the end of nearly two months of consolidation, which now appears as “ancient history.” Stockton emphasized that their firm’s measured move projection anticipates the continuation of the prior upward momentum before any corrective phase, setting a medium-term Bitcoin price target around $135,000. This projection reflects a disciplined approach to market analysis, grounded in technical indicators rather than speculation.
Meanwhile, Markus Thielen, research director at 10x Research, provided insights on July 16, noting that the breakthrough signal observed on July 10 has historically preceded an average 20% price increase over the subsequent two months. Thielen forecasts a near-term consolidation period, followed by a rise to approximately $133,000 for Bitcoin. Furthermore, he reaffirmed a year-end target of $160,000, underscoring a cautiously optimistic outlook based on empirical data and trend analysis.