Fund managers see BTC struggling to reclaim $100K this year

Multiple cryptocurrency fund managers have predicted that Bitcoin will struggle to surpass $100,000 by the end of the year. According to a survey of major crypto fund managers by The Block, none of the respondents anticipated a year-end BTC price above that level. Jack Platts, founder of Hypersphere Ventures, forecasted that Bitcoin's year-end price could be $55,000 in a base scenario, $40,000 in a bearish scenario, and $80,000 in a bullish scenario. Meanwhile, David Grider of Finality Capital suggested that BTC will form a bottom in the $45,000 to $55,000 range before recovering to a level between $65,000 and $75,000 by year-end.