21Shares forecasts that Bitcoin may surge to $100,000 by the close of the third quarter if it successfully breaches the $70,000 resistance level, according to senior crypto research strategist Matt Mena.
Price Target and Technical Outlook
Matt Mena emphasizes that Bitcoin’s short‑term pullback, which saw the cryptocurrency dip about 2% after the Federal Reserve’s policy announcement, represents consolidation rather than a reversal. He asserts that reclaiming $70,000 is the pivotal test for investors seeking the next upward move.
Should Bitcoin break the $70,000 barrier with momentum, Mena projects a retest of $75,000 followed by an advance toward $80,000, mirroring the pattern observed in May. This trajectory, he argues, positions the digital asset to finish Q3 near the coveted $100,000 mark.
Federal Reserve Policy and Market Sentiment
The Federal Reserve kept interest rates unchanged, a decision that aligned with market expectations, while its median dot now hints at a possible rate increase later in the year. This subtle shift maintains macro‑risk considerations for crypto investors.
Elevated inflation, currently at a three‑year peak, adds pressure on the broader market, yet Mena believes Bitcoin’s structural strengths keep it well‑positioned amid the evolving monetary landscape. Investors monitoring the blockchain sector will watch the $70,000 threshold closely for signs of renewed bullish momentum.