Bitcoin Could Hit $100K by Q3 if It Clears $70K, Says 21Shares Analyst

According to Matt Mena, Senior Crypto Research Strategist at 21Shares, Bitcoin could reach $100,000 by the end of Q3 if it breaks above $70,000 resistance. Mena stated that with strength through $70K, BTC is positioned to retest $75K and target $80K again, setting up a potential $100K finish for the quarter. The forecast comes as Bitcoin consolidates near $65,000 following the Federal Reserve's hawkish policy signal.

The Fed held rates steady but signaled a possible rate hike later this year through updated projections, with inflation running at a three-year high. Despite the hawkish backdrop, Mena views Bitcoin's broader structural setup as well-positioned for the next leg higher.