Bitcoin may only have 27% upside left before entering a downtrend, says Canary Capital CEO Steven McClurg. He predicts Bitcoin could reach $140,000 to $150,000 this year. McClurg also warns of an upcoming economic bear market and expects rate cuts from the US Federal Reserve in September and October.

McClurg attributes Bitcoin’s recent price action to spot Bitcoin ETF inflows and treasury firm purchases. He notes significant allocations from institutions and sovereign wealth funds, driving the price. Meanwhile, Michael Saylor disagrees with the idea of another bear market, stating Bitcoin is past that phase and could reach $1 million.

Bitwise chief investment officer Matt Hougan also expects the bull market to continue, predicting an up year in 2026. He believes the next few years will be positive for Bitcoin and the overall market. Altcoin season 2025 is approaching, but the rules have changed according to a recent magazine article.

Read more at Cointelegraph: Bitcoin To Tap $150K Before Bear Market Next Year: Exec