$12 Billion Fund Chief Says Bitcoin Rally Coming Before Year-End

$12 Billion Bitwise Fund Chief, Matt Hougan, Says Bitcoin Rally Is Coming Before Year-End Speaking in a recent market interview on CNBC , the Bitwise Chief Investment Officer described the current retail environment as one of “ maximum desperation ,” citing the recent wave of leveraged liquidations, futures wipeouts, and yield protocol failures as ￰0￱ to him, the market sentiment at the moment is at its most depressive level, which signals a bottom rather than the end of the ￰1￱ IN: $12 billion Bitwise CIO Matt Hougan on CNBC: “I am optimistic that we are going to rally at the end of the year.” ￰2￱ — Bitcoin Magazine (@BitcoinMagazine) November 5, 2025 “ The crypto market is shifting to an institutionally driven market, and interestingly, that’s a bullish element.

I am optimistic that we rally into year-end and Q1 2026,” he ￰3￱ CIO Says Retail Capitulation Signals Bitcoin Bottom He added that “The market needs to finish the flush out of retail leverage-driven sentiment, and we’re close to the bottom before a bullish reversal.” Hougan’s projection aligns closely with recent remarks shared by Fundstrat Capital CIO Tom Lee, who recently discussed Bitcoin’s state following the October 10 ￰4￱ a separate CNBC interview, Lee noted Bitcoin’s struggle to stay above $103,000, explaining “Since October 10, that liquidation was like a miniature rupture, almost like a ￰5￱ market is still consolidating from that effect.” Tom Lee tells CNBC that he still sees Bitcoin rallying into year end and being able to hit $150K-$200K ￰6￱ — Rhino Bitcoin App (@RhinoBitcoin) November 3, 2025 Despite the short-term weakness, Lee argued that fundamentals remain strong, citing record stablecoin volumes and surging application revenues across Ethereum and Solana.

“Fundamentals are leading price right now,” he said. “Eventually, we consolidate and rally into year-end, I still think Bitcoin can reach between $150,000 and $200,000.” BTC/Gold Ratio Bottom Shows Bitcoin Rally Coming Before Year-end Professional crypto trader and Kraken-backed prop firm co-founder Trader Mayne also weighed in on the current state of the ￰7￱ believes the current Bitcoin structure remains consistent with the historic four-year cycle . “The current price action looks like a four-year cycle, acts like a four-year cycle — chances are, it is one,” he wrote, projecting a cycle top in Q4 2025 or early Q1 ￰8￱ further highlighted the BTC/Gold ratio , noting that gold typically leads Bitcoin breakouts by 60–90 days and that the ratio appears to have bottomed.) November 5, 2025 “ The chart structure suggests a cycle low that leads to a new ATH ,” he said, adding that he thinks Trump has a few tricks left up his sleeve to try to pump the markets going into 2026.

However, he cautioned that while everyone is expecting a rally into year-end, if the current rally fails to establish a new high, the market could enter a prolonged distribution ￰9￱ Year-end Rally Points to 2026 Bear Market Incoming While the odds that Bitcoin’s top came in October around $126,000 are “ relatively low ,” Mayne noted that “ anything remains possible .” If the four-year cycle holds, he expects 2026 to be largely bearish, though not as severe as past drawdowns. “I don’t expect an 80% crash, but we could see significantly lower prices. 2026 might also mark a strong year for the U. S. dollar,” he ￰10￱ investor since 2017, Credibull, also shared that Bitcoin on the high timeframes remains unequivocally bullish, and the current correction is considered normal and healthy in the high-timeframe context.) or potentially wick below them (what’s called an “ expanded flat “).

In either case, there is no change in high-timeframe structure.