Canary Capital CEO: >50% Chance Bitcoin Hits $140–150K This Year
I believe the Canary Capital CEO’s view is a clear near-term bullish signal: he assigns better-than-even odds that Bitcoin will reach $140,000–$150,000 this year. That suggests upside momentum could persist through the remainder of the cycle.
At the same time, I acknowledge the call for a subsequent bear market next year, so any long exposure should be sized and managed with profit targets and risk controls to avoid being caught in the downtrend.
Analysis
Recommendation
Consider buying selectively (or on weakness) to participate in potential upside, set clear profit targets near the $140K–$150K range, and use stops or hedges to protect against a coming bear market.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.