Bitcoin Price Prediction: BTC Could Rally 19% Before Macro Pressures Mount
Bitcoin is holding above $118,200 but Canary Capital CEO Steven McClurg thinks the rally is running out of time.
Quick overview
- Bitcoin is currently above $118,200, but Canary Capital CEO Steven McClurg warns that the rally may be nearing its peak.
- McClurg predicts Bitcoin could reach $140,000-$150,000 this year, driven by ETF inflows and institutional adoption, before facing macroeconomic challenges in 2025.
- There is a divide among industry leaders, with some predicting significant growth while others caution that the top may be approaching.
- Technically, Bitcoin is stabilizing with bullish momentum, and a break above $120,400 could lead to further gains.
Bitcoin is holding above $118,200 but Canary Capital CEO Steven McClurg thinks the rally is running out of time. On CNBC, McClurg said Bitcoin could go to $140,000-$150,000 this year – 19-27% from here – before macro headwinds hit in 2025.
At the time of his comments, BTC was $117,867, just below the recent high of $118,306 according to CoinMarketCap. McClurg said ETF inflows and institutional adoption are driving the price up but warned that delayed Fed rate cuts will soon hit risk assets. The CME FedWatch Tool shows markets are pricing in a 92.5% chance of a September cut and another in October.
Key drivers McClurg mentioned:
- Spot Bitcoin ETF inflows from institutions
- Treasury allocations from corporations and sovereign wealth funds
- Insurers and large asset managers getting interested
But his warning is clear: the top may come sooner than you think.
Diverging Forecasts From Industry Leaders
Not everyone agrees with McClurg. Michael Saylor, executive chairman of MicroStrategy, recently doubled down on his super bull case: “If Bitcoin’s not going to zero, it’s going to $1 million.” Matt Hougan, CIO at Bitwise, thinks the cycle has years to go and expects 2026 to be an “up year.”
The split shows a bigger debate: is Bitcoin at the top or laying the foundation for exponential growth? Institutional demand, ETF momentum and sovereign fund participation all suggest lasting structural support – even if macro gets wobbly.
Bitcoin Price Forecast: Technical Outlook
Technically, Bitcoin is stabilizing after last week’s volatility, currently at $118,205, up 0.35% in the last 24 hours with volumes over $45 billion. The 2-hour chart shows BTC being squeezed inside a symmetrical triangle, with a rising trendline of higher lows colliding with resistance from the 50- and 100-EMA cluster near $118,370-$118,440.
Candlesticks are indecisive, with small-bodied Dojis and wicks showing buyers and sellers are evenly matched. Momentum is however bullish:* RSI is 53, up from oversold and has room to go up.
- MACD lines are converging, a bullish crossover is possible.
- Key support has held at $116,700-$115,900, the trend is up.
If Bitcoin breaks above $120,400, bulls will go to $122,400 and $124,500 and then $127,000+. If it fails to hold the trendline, it will go to $114,600 or $112,700 where liquidity support is.
For traders, it’s simple: long on a confirmed break above $120,400 with stops below $116,700. More conservative players will wait for a bullish engulfing candle at the trendline before getting in.
Looking Ahead
The bigger question is will McClurg’s $150K ceiling be correct or will Bitcoin surprise the skeptics. With ETF inflows setting records and sovereign wealth funds entering the market, Bitcoin’s structure is still up. If resistance breaks with conviction, $127K+ is within reach — and for long-term holders, Bitcoin is still a safe-haven in a changing world.
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