Bitcoin $120K breakout will lead to ‘very quick move’ to $150K: Charles Edwards

Bitcoin could reach a new all-time high of $150,000 by the end of 2025 as demand for safe-haven assets surges alongside gold, according to Charles Edwards, founder of Capriole Investments. He noted that a recovery above the $120,000 mark could trigger a swift move to $150,000 in a short timespan. Over the past week, Bitcoin has seen a 6% rise and surpassed the $118,500 threshold for the first time since mid-August. Although Edwards' outlook is somewhat conservative compared to other analysts predicting prices above $200,000, he acknowledges strong institutional buying as a driving force in the market. Additionally, he forecasts a greater than 50% chance of positive monthly returns in the upcoming months, highlighting the relevance of Bitcoin's four-year cycle. Historically, Bitcoin has performed well during the last quarter of the year, averaging returns of around 20% in October and 46% in November, which supports Edwards’ optimistic forecast.

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