Bitcoin retraces to $95K, ARK Invest sees potential for $124K by year-end

Bitcoin retreated to $95,000 after nearing $100,000, but ARK Invest projects it could climb to $104,000–$124,000 by year-end. Research associate David Puell cited seasonality and on-chain metrics, estimating the current cycle is 55%-65% complete, with a potential top of $126,000–$134,000. Long-term, ARK CEO Cathie Wood maintains targets up to $1.5 million by 2030. Key factors influencing Bitcoin’s trajectory include U.S. monetary policy, SEC leadership under the Trump administration and the possibility of a strategic Bitcoin reserve. However, Puell warned of eventual cycle-driven pullbacks, CoinDesk has reported.