Edwards Sees Bitcoin Targeting $90K to $100K, But New Catalyst Needed

Bitcoin's next big move will depend on U.S. policy and institutional demand, according to Charles Edwards, founder of Capriole Investments.

In an interview with John Gillen, Edwards said that staying above $70,000 would keep the market looking bullish, while falling below this level could weaken the current setup.

The Federal Reserve remains a key factor for Bitcoin, and Edwards expects at least one more rate hike this year. However, he believes that financial conditions will remain supportive, which could allow crypto to continue higher.

Edwards sees Bitcoin moving towards $90,000 and possibly around $100,000, but notes that a clear new all-time high is unlikely without a fresh catalyst.