Bitcoin News Today: Bitcoin CEO Sees 50%+ Chance to Hit $140–$150K Before Reversal

Bitcoin’s price trajectory has drawn increasing attention from key industry figures, with Canary Capital CEO Steven McClurg offering a measured but bullish outlook for the remainder of the year. According to McClurg, the asset has a greater than 50% chance of reaching the $140–$150,000 range before the cycle begins to reverse [1]. At the current price of $118,350, this would represent gains of approximately 20% to 30%, a scenario he described as a “controlled move higher” that could roll over if key institutional buyers step back [1].

McClurg’s analysis is grounded in both technical and macroeconomic indicators. Short-term models project a potential rise of about 11% to $129,690 by September 15, 2025, with the Fear & Greed Index currently at 64, indicating a lean toward greed. Over the past 30 days, Bitcoin has recorded 13 green days, or 43%, with price volatility hovering around 1.65%. These numbers suggest momentum but not runaway speculation [1].

A key driver of recent price action has been institutional adoption, particularly through spot Bitcoin ETF inflows and treasury purchases. McClurg noted that sovereign wealth funds and insurance companies have been increasingly active in Bitcoin markets, with some of that buying expected to peak in the coming months. However, he warned that if those large buyers slow or pause, justifying Bitcoin’s price at higher levels becomes more challenging [1].

The broader economic landscape is also a factor in the asset’s potential trajectory. McClurg expressed concern about the current economic environment and the timing of US monetary policy. He argued that the Federal Reserve should have cut rates earlier, but still expects cuts in September and October. Market pricing via a popular CME gauge already places the odds of a September cut at about 92%. A Fed move could either support or disrupt Bitcoin, depending on how it is perceived by the broader market [1].

While McClurg is cautious about Bitcoin’s near-term upside, other market participants hold more aggressive views. Cathie Wood of ARK Invest projects a bull case of around $1.5 million by 2030, with lower-case scenarios in the high hundreds of thousands. She links this thesis to growing institutional demand and Bitcoin’s fixed supply. Michael Saylor, founder of MicroStrategy, recently stated that if Bitcoin does not go to zero, it could reach $1 million. Mike Novogratz of Galaxy Digital also sees $150,000 as a midterm target, with longer-term scenarios reaching up to $500,000–$1 million under stronger adoption conditions [1].

Institutional flows continue to underpin Bitcoin’s rise, with more traditional financial players entering the space. McClurg emphasized that these structural developments are likely to support the asset’s climb toward $150,000 before a potential consolidation or correction phase. However, the market remains divided, with some voices warning of the asset’s inherent volatility and the need for regulatory clarity to sustain long-term gains [1].

Sources:

[1] NewsBTC, https://www.newsbtc.com/news/bitcoin/bitcoin-faces-strong-chance-of-150k-rally-before-downturn-ceo-says/