Utkarsh Ahuja, founder of Moon Pursuit Capital, expects Bitcoin to potentially reach between $120,000 and $150,000 by the end of 2027 if liquidity improves and institutional demand returns sustainably. He said the post-midterm election rebound mainly reflected relief buying and short covering before renewed selling reversed the gains. Bitcoin briefly reclaimed $80,000 on Wednesday before falling toward $75,000 on Thursday, while more than $1 billion in leveraged positions were liquidated. A durable recovery will depend on sustained spot demand, continued Bitcoin ETF inflows and the ability to retain previously regained price levels.
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