Ahuja Sees Bitcoin Rebound as Fragile, Conditional $120,000 to $150,000 by End of 2027

Utkarsh Ahuja, founder and managing partner of Moon Pursuit Capital, views Bitcoin’s rebound after the U.S. midterm election as fragile and is watching market signals for evidence of a lasting recovery.

Bitcoin briefly reclaimed $80,000 Wednesday, then retreated to around $75,000 Thursday as selling resumed. Ahuja interpreted the midweek advance as relief buying and traders closing bets against Bitcoin after political uncertainty eased, rather than proof of a durable turnaround.

He believes markets may have factored in some likelihood of a Democratic victory, leaving further weakness in November within expectations. Ahuja is watching for stronger spot buying and inflows into Bitcoin exchange-traded funds, as well as whether BTC recovers lost ground and holds support during pullbacks.

Ahuja’s longer-term price outlook is conditional on improved liquidity and institutional demand continuing to return. Under those conditions, he sees Bitcoin reaching a range of $120,000 to $150,000 by the end of 2027.

Ahuja also said Democratic control of Congress could delay or reshape the Clarity bill. He considers global liquidity, interest rates and institutional demand more important to Bitcoin’s longer-term direction.