Michael Saylor, co-founder of the largest Bitcoin treasury holder Strategy, spoke with CNBC during the Money 20/20 event in Las Vegas on Monday, expressing a positive outlook on Bitcoin. He suggested that by the end of 2025, it could reach around $150,000. The projection arrived during a period when the digital asset market remained under pressure.
Saylor pointed toward recent actions by United States regulators and financial officials as supportive factors. The Securities and Exchange Commission signaled openness toward tokenized securities.
US Treasury Secretary Scott Bessent also expressed support for stablecoins in order to maintain the influence of the dollar. Both developments fueled confidence across several investor groups.
Saylor said,
He referred to the past twelve months as “the best 12 months in the history of the industry.”
Recent price pressure across cryptocurrencies came after a sudden market decline tied to international trade decisions. An announcement from US President Donald Trump regarding 100% additional tariffs on China prompted sharp reactions from global investors.
Officials from both countries adjusted messaging in the following weeks. Statements from leaders suggested progress toward compromise. Trump confirmed a planned meeting with China’s President Xi Jinping at the APEC gathering in Seoul on Friday.
Bessent stated on Sunday that the US and China reached a “substantial” trade agreement framework. He noted,
Analysts and investors see the development as a possible stabilizer for global markets.
Bitcoin trades at around $109,100 on Friday, reflecting nearly a 5% decline in the past week. The price met resistance at $115,137, a level traced from a major Fibonacci retracement range measured from the April low of $74,508 to the October high of $126,199. From that point, the price slipped across several sessions.
If Bitcoin closes below the 61.8% retracement marker near $106,453, analysts warn that the decline may push toward the October 10 low near $102,000. Indicators show pressure building on the downside. Daily Relative Strength Index sits near 43, which hints at waning buyer interest.
The Moving Average Convergence Divergence (MACD) also displays narrowing lines with lighter green histogram bars. The signal suggests fading momentum. However, a hold above $106,453 could push the price toward the 50-day exponential moving average around $112,872.
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