Crypto Trader Sees Bitcoin Hitting $160K by Year-End; ETH, SOL, ADA to Gain on Middle East Truce

Following a dip below five figures earlier this week, Bitcoin (BTC) has rebounded, trading above $106,000 as global markets stabilized amid encouraging signs of a sustained ceasefire between Israel and Iran.

Ether (ETH) is currently priced at $2,400, marking a 0.5% increase for the day and approaching resistance levels near $2,450. Dogecoin (DOGE) is hovering around 16 cents, showing a modest 0.6% gain, while Solana (SOL) experienced a slight dip to $145, down 0.2%. Cardano (ADA) saw a decrease of nearly 1.3%, settling at 58 cents after briefly testing the 60 cents mark earlier in the week.

According to Ryan Lee, chief analyst at Bitget Research, Bitcoin's initial failure to stabilize immediately after dropping below $99,000 suggests ongoing caution, despite the continued structural support provided by ETF inflows, which now total $46 billion.

“Its potential as a safe-haven shines through, but tempered risk appetite delays recovery,” Lee commented.

Despite the recent volatility, Lee forecasts that Bitcoin could reach $110,000–$115,000 by the third quarter and potentially $130,000–$160,000 by the end of the year. He also anticipates Ether to trade in the $2,600–$2,800 range in the near term, with potential for longer-term growth as high as $5,500.

This cryptocurrency rebound coincides with a broader improvement in risk sentiment. U.S. equity futures saw gains on Wednesday, building on the Nasdaq 100’s record close from the previous session, while Asian stocks extended their two-day rally.

Treasuries strengthened, and the dollar stabilized following Federal Reserve Chair Jerome Powell's statement that “many paths are possible” for monetary policy, reinforcing expectations of interest rate cuts amid weakening consumer confidence.

Bitcoin's recovery after its weekend decline has sparked renewed discussions about its evolution into a genuine safe-haven asset, versus its response to macroeconomic tailwinds and ETF-driven flows.

“Bitcoin’s status as a safe-haven asset is still taking shape,” noted Gadi Chait, head of investment at Xapo Bank. “Its V‑shaped recovery back above $105K in under 48 hours after falling into the nineties highlights its growing liquidity and integration into mainstream portfolios.”

Chait further explained that while geopolitical shocks often trigger a flight to cash, recent cycles indicate that institutional bids are now helping to mitigate dips and accelerate recoveries.