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Bitcoin

21shares Strategist Sees $85,000 as Bitcoin’s Hurdle to $90,000

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Matt Mena, senior crypto research strategist at 21shares, said Bitcoin (BTC) could move through $85,000 toward $90,000 if macroeconomic uncertainty eases, while his outlook also allows for a pullback toward $81,000. “The balance of risks favors a move through $85k and toward $90k once the remaining macro uncertainty clears,” Mena said. He identified $85,000 as resistance but did not give a timetable for Bitcoin to reach $90,000. Mena also cited Bitcoin’s average seven-day return of 1.21% after hotter-than-expected core consumer price index readings since 2023.

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