The cryptocurrency rebounded above 106K following an Iran-Israel ceasefire, drawing investors back.
Mike Novogratz reaffirmed a $1 million Bitcoin target, citing institutional demand and macro trends.
Bitcoin rose sharply, climbing back above $106,000. The
rebound followed a surprise ceasefire deal between Iran and Israel, announced
by US President Donald Trump. The news calmed markets, especially those
concerned about oil supply disruptions. This shift prompted crypto investors to
return to risk assets.
Institutional Demand Drives Bitcoin Long-Term Outlook
Meanwhile, Galaxy Digital CEO Mike Novogratz reiterated a
long-term view that Bitcoin
could reach $1 million. He cited growing institutional interest, rising
government debt, and weakening currencies as supporting factors. Novogratz
highlighted BlackRock CEO Larry Fink’s backing of Bitcoin as a sign of broader
acceptance.
He also mentioned demographic changes, suggesting that
younger generations inheriting wealth may favor digital assets over gold.
Novogratz has previously made notable predictions, including Bitcoin’s 2017
rally.
BTC Holds Support, Eyes Breakout Above
The BTCUSD H1 chart shows that the price dropped below
$100,000 over the weekend. However, it later moved upward and held above a key
support level. After forming a bullish engulfing candle, the price gained
momentum and pushed higher.
The $106,000 level is currently acting as resistance. The price is now consolidating between $104,800 and $106,000. A breakout above
this range could trigger additional buying and drive the price further upward.
Bitcoin, the leading cryptocurrency by market
capitalization, is the subject of DeepSeek AI’s forecast for 2025. The
platform presents three possible price scenarios. The base case projects
Bitcoin trading between $100,000 and $150,000.
In a more optimistic scenario, often called
“hyperbitcoinization,” the price could reach $350,000. A less likely black swan
event anticipates a peak near $500,000. These forecasts are based on
expectations of growing institutional adoption and wider acceptance of
blockchain technology in global finance.
Bitcoin rose sharply, climbing back above $106,000. The
rebound followed a surprise ceasefire deal between Iran and Israel, announced
by US President Donald Trump. The news calmed markets, especially those
concerned about oil supply disruptions. This shift prompted crypto investors to
return to risk assets.
Institutional Demand Drives Bitcoin Long-Term Outlook
Meanwhile, Galaxy Digital CEO Mike Novogratz reiterated a
long-term view that Bitcoin
could reach $1 million. He cited growing institutional interest, rising
government debt, and weakening currencies as supporting factors. Novogratz
highlighted BlackRock CEO Larry Fink’s backing of Bitcoin as a sign of broader
acceptance.
He also mentioned demographic changes, suggesting that
younger generations inheriting wealth may favor digital assets over gold.
Novogratz has previously made notable predictions, including Bitcoin’s 2017
rally.
BTC Holds Support, Eyes Breakout Above
The BTCUSD H1 chart shows that the price dropped below
$100,000 over the weekend. However, it later moved upward and held above a key
support level. After forming a bullish engulfing candle, the price gained
momentum and pushed higher.
The $106,000 level is currently acting as resistance. The price is now consolidating between $104,800 and $106,000. A breakout above
this range could trigger additional buying and drive the price further upward.
Bitcoin, the leading cryptocurrency by market
capitalization, is the subject of DeepSeek AI’s forecast for 2025. The
platform presents three possible price scenarios. The base case projects
Bitcoin trading between $100,000 and $150,000.
In a more optimistic scenario, often called
“hyperbitcoinization,” the price could reach $350,000. A less likely black swan
event anticipates a peak near $500,000. These forecasts are based on
expectations of growing institutional adoption and wider acceptance of
blockchain technology in global finance.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Inside the Prediction Markets: $1.6B Institutional Inflow Meets a Federal Crackdown
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
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#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
