From $115K to $150K? The Bullish Case for Bitcoin’s Year-End Comeback

Key Points

1. Bitcoin's price has declined to approximately $113K, but market watchers remain bullish about its year-end prospects.

2. Predictions for Bitcoin's price by year-end range from $115,000 to $1 million, with notable figures like Tom Lee, Tim Draper, and Mike Novogratz offering optimistic forecasts.

3. Key factors influencing Bitcoin's potential growth include ETF inflows, the Federal Reserve's expected rate cut in September, and regulatory clarity from the SEC and CFTC.

4. The full implementation of Europe’s MiCA framework in Q4 2025 is expected to play a crucial role in shaping the market.

5. Bitcoin mining fundamentals are strong, with hashrate expected to reach ~1.2 ZH/s and mining difficulty climbing toward 140T, driven by next-gen ASICs and expansion into energy-advantaged regions.