{"id":74186,"date":"2026-06-17T23:54:47","date_gmt":"2026-06-17T23:54:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-eyes-70k-breakout-as-21shares-sees-path-toward-100k-by-q3\/"},"modified":"2026-06-17T23:54:47","modified_gmt":"2026-06-17T23:54:47","slug":"bitcoin-eyes-70k-breakout-as-21shares-sees-path-toward-100k-by-q3","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-eyes-70k-breakout-as-21shares-sees-path-toward-100k-by-q3\/","title":{"rendered":"Bitcoin Eyes $70K Breakout as 21Shares Sees Path Toward $100K by Q3"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">21shares sees a potential route to $100,000 if bitcoin clears $70,000.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">After a Fed-driven pullback, BTC continues defending support around $65,000.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Meanwhile, inflation concerns and rate expectations could shape near-term market sentiment.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>21Shares Says <span>Bitcoin<\/span>\u2019s Upside Case Starts With a $70K Break<\/h2>\n<p> <span>Bitcoin<\/span> could climb to $100,000 by the end of the third quarter if it clears $70,000 resistance, according to Matt Mena, Senior <span>Crypto<\/span> Research Strategist at <span>crypto<\/span> asset manager 21Shares. The forecast comes after the Federal Reserve signaled a more hawkish policy outlook.<\/p>\n<p>Market reaction to the Fed decision pushed <span>BTC<\/span> down roughly 2%, though Mena viewed the decline as consolidation rather than a change in direction. He said the next major test is whether buyers can reclaim $70,000.<\/p>\n<p>The 21Shares senior <span>crypto<\/span> research strategist stated: \u201c <span>Bitcoin<\/span> itself, while consolidating in the near term, remains structurally well-positioned.\u201d He added:<\/p>\n<blockquote>\n<p>\u201cWith eyes now on $70k, <span>Bitcoin<\/span>\u2019s next resistance level, if we are able to break through $70k with strength, we are primed to retest $75k and target $80k again as we did in May \u2013 setting us up to end Q3 at the coveted $100k level.\u201d<\/p>\n<\/blockquote>\n<p>The projection keeps the focus on price action rather than the Fed decision alone. Mena\u2019s view makes $70,000 the threshold that separates near-term consolidation from another attempt at prior highs.<\/p>\n<h2>Fed Policy Pressure Keeps Macro Risk in Focus<\/h2>\n<p>The Federal Reserve <a href=\"https:\/\/news.bitcoin.com\/kevin-warshs-fed-holds-firm-as-energy-prices-lift-inflation\/\">held rates<\/a> steady under Kevin Warsh, a move Mena described as fully expected. The larger signal came from updated projections, with the median dot, or midpoint of policymakers\u2019 rate forecasts, now pointing to a possible rate hike later this year.<\/p>\n<p> <span>Inflation<\/span> running at a three-year high added pressure on the Fed\u2019s stance after an energy spike tied to the Iran conflict. Mena also cited the Bank of Japan\u2019s rate increase to 1%, its highest level since 1995, as another source of pressure on risk assets.<\/p>\n<p>The strategist said:<\/p>\n<blockquote>\n<p>\u201cWarsh is also a distinctive figure for digital-asset markets: the first Fed Chair with personal ties to the <span>crypto<\/span> industry (including an early investment in multiple <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> projects) and a more constructive posture toward <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> than his predecessors, publicly stating he is a fan of <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>.\u201d<\/p>\n<\/blockquote>\n<p>That leaves the next move tied to whether buyers can sustain momentum after the Fed-driven pullback. For Mena, the hawkish backdrop has not changed <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a>\u2019s broader setup.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-eyes-70k-breakout-as-21shares-sees-path-toward-100k-by-q3\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways 21shares sees a potential route to $100,000 if bitcoin clears $70,000. After a Fed-driven pullback, BTC continues defending support around $65,000. Meanwhile, inflation concerns and rate expectations could shape near-term market sentiment. 21Shares Says Bitcoin\u2019s Upside Case Starts With a $70K Break Bitcoin could climb to [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":74187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74186"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74186"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74187"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}