{"id":1411,"date":"2026-06-17T23:33:39","date_gmt":"2026-06-17T23:33:39","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=1411"},"modified":"2026-06-17T23:33:39","modified_gmt":"2026-06-17T23:33:39","slug":"bitcoin-eyes-70k-breakout-as-21shares-sees-path-to-100k-by-q3","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=1411","title":{"rendered":"Bitcoin eyes $70k breakout as 21Shares sees path to $100k by Q3"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"@container mb-(25px) rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-(6px) !bg-success-10 p-3 @(420px):p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-(19px) !text-(#1c1c1c) md:text-(20px)\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key conclusions<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-(#434248)\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">21shares sees a potential path to $100,000 if Bitcoin clears $70,000.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-(#434248)\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Following the Fed-led pullback, BTC continues to defend support around $65,000.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-(#434248)\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Meanwhile, inflation concerns and rate expectations may shape market sentiment in the near term.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>21Shares says <span>Bitcoin<\/span>The preferred case starts with a break of $70,000<\/h2>\n<p> <span>Bitcoin<\/span> According to Matt Men, Sr <span>Crypto<\/span> Research strategist Art <span>crypto<\/span> 21Shares Asset Manager. The forecast comes after the Federal Reserve announced tighter policy.<\/p>\n<p>Market reaction to the Fed&#8217;s decision has pushed <span>BTC<\/span> was down about 2%, although Mena viewed the decline as a consolidation rather than a change in direction. He said the next big test is whether the buyers can recoup the $70,000.<\/p>\n<p>Sr. 21Shares <span>crypto<\/span> A research strategist stated: \u201c <span>Bitcoin<\/span> itself, although consolidating in the near term, remains in a good structural position.&#8221; He added:<\/p>\n<blockquote class=\"quote-solid\">\n<p>&#8220;Looking now at $70,000, <span>Bitcoin<\/span>At the next resistance level, if we can break through $70K with strength, we are ready to retest $75K and target $80K again as we did in May, allowing us to finish the third quarter at the desired $100K level.\u201d<\/p>\n<\/blockquote>\n<p>Forecasts keep price action in focus, not just the Fed&#8217;s decision. According to Meno, $70,000 is the threshold that separates a short-term consolidation from another attempt at previous highs.<\/p>\n<h2>Political pressure from the Fed keeps macro risk in focus<\/h2>\n<p>Federal Reserve System <a href=\"https:\/\/news.bitcoin.com\/kevin-warshs-fed-holds-firm-as-energy-prices-lift-inflation\/\">bids made<\/a> steady under Kevin Warsh, a move Mena called entirely expected. A bigger signal came from updated forecasts, with the midpoint, or midpoint of policymakers&#8217; rate forecasts, now pointing to a possible rate hike later this year.<\/p>\n<p> <span>Inflation<\/span> The three-year high added additional pressure to the Fed&#8217;s stance after a surge in energy linked to the conflict in Iran. Another source of pressure on risk assets, Meno cited the Bank of Japan&#8217;s rate hike to 1%, the highest level since 1995.<\/p>\n<p>Strategist said:<\/p>\n<blockquote class=\"quote-solid\">\n<p>&#8220;Warsh is also an iconic figure for digital asset markets: the first Fed chair with personal ties to <span>crypto<\/span> industry (including early investments in several <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> projects) and a more constructive position to <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> than his predecessors, publicly stating that he is a supporter <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>.\u201d<\/p>\n<\/blockquote>\n<p>That leaves the next move tied to whether buyers can sustain momentum after the Fed-led pullback. For Mena, the background of the hawk has not changed <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a>a wider setting.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key conclusions 21shares sees a potential path to $100,000 if Bitcoin clears $70,000. Following the Fed-led pullback, BTC continues to defend support around $65,000. Meanwhile, inflation concerns and rate expectations may shape market sentiment in the near term. 21Shares says BitcoinThe preferred case starts with a break of $70,000 Bitcoin According to Matt Men, Sr &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[154,155],"class_list":["post-1411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-btc","tag-bitcoin-price"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/1411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1411"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/1411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/1412"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}