Ahuja Says Bitcoin Could Reach $120,000 to $150,000 by End-2027 if Liquidity Improves and Institutional Demand Returns

Moon Pursuit Capital founder and managing partner Utkarsh Ahuja said Bitcoin (BTC) could reach $120,000 to $150,000 by the end of 2027 if liquidity improves and institutional demand returns, while calling the recent rebound fragile.

Ahuja attributed the move to relief buying after the U.S. midterm elections eased some political uncertainty, along with short covering. Bitcoin briefly reclaimed $80,000 Wednesday, then fell toward $75,000 Thursday as selling resumed.

Ahuja said markets may have already priced in some chance of a Democratic victory, and further weakness in November would not surprise him. He said a lasting recovery would require sustained spot buying, inflows into Bitcoin exchange-traded funds and the ability to regain ground and hold it through pullbacks.

Democratic control of Congress could delay or reshape legislation such as the Clarity Act, Ahuja said. He said global liquidity, interest rates and institutional demand would matter more to Bitcoin's longer-term direction.

In earlier comments on the cycle low, Ahuja said Bitcoin had passed its cycle low while investors weighed U.S. policy and inflation risks.