Bitget CEO: BTC Likely Range-Bound Within $20K of Current Level
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Not every voice in the market is chasing the rally narrative. Bitget CEO Gracy Chen expects Bitcoin to finish the year within a $10,000 to $20,000 band of current levels, citing persistent macroeconomic uncertainty as the main constraint on further upside.
Chen also dismissed speculation around US government accumulation of Bitcoin, arguing such purchases remain unlikely over the next two years despite ongoing political discussion of strategic reserves.
This tempered outlook contrasts sharply with the squeeze-driven optimism seen elsewhere this week. It's a reminder that even amid a powerful short-covering rally, structural catalysts for a sustained breakout are still viewed by some as distant rather than imminent.