21Shares: BTC may rise to $138,500 by the end of the year, supported by macro resilience and on-chain data

ChainCatcher news, according to CoinDesk, 21Shares' latest analysis states that combining historical trends with current market signals, Bitcoin is expected to reach $138,555 by the end of 2025. The report points out that the world's largest cryptocurrency is gaining strength from macroeconomic uncertainty and on-chain momentum.

The report mentions that the current market cycle is similar to that of 2021. Bitcoin's recent price performance shows resilience rather than panic.

21Shares notes that market-level collapse events, such as the failure of Silicon Valley Bank, no longer trigger panic selling. On the contrary, such shocks further reinforce Bitcoin's role as a hedge against the risks of the traditional financial system.