Strategist Sees Bitcoin Path to $170K Despite Selloff, Says ‘Buy the Fear’

Bitcoin could recover toward $170,000 in 2027 under a scenario outlined by Wellington-Altus strategist James Thorne after the selloff. He attributed the decline to leverage while identifying price levels that would support or invalidate his outlook. James Thorne, chief market strategist at Canadian wealth management firm Wellington-Altus , outlined on Nov. 14 a potential bitcoin recovery toward $150,000-$170,000 by the end of 2027. He questioned whether the selloff had established a bottom and whether a new record could follow next year. His case combined a developing chart pattern with his assessment that leverage drove the decline. In his bitcoin forecast shared on X , Thorne set out the sequence of price levels needed for that recovery.

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