- Ryan Lee, Chief Analyst at Bitget Research, recently provided insights into the Bitcoin rally observed in late August and detailed the potential trajectories for the cryptocurrency.
- He also outlined the factors that could either pull BTC back to $55,000 or push it to $150,000.
Ryan Lee, Chief Analyst at Bitget Research, recently provided insights into the Bitcoin rally observed in late August and detailed the potential trajectories for the cryptocurrency. Significant recoveries in Bitcoin (BTC) and Ethereum (ETH) have allowed them to regain prices lost since May, offering relief to investors who have been holding depreciated assets for months. This resurgence is particularly notable for those who purchased at the height of last year’s crypto bull run, when BTC logged an all-time high of nearly $126,000.
With Bitcoin currently trading between $78,000 and $79,000 and Ethereum treading the $2,400 to $2,500 range, the crypto community is looking ahead to what the fourth quarter (Q4) of 2026 has in store. Ryan Lee recently shared valuable insights on the trends driving the digital assets space.
Wrapping Up the Events in August
Lee noted that August provided a clearer picture of the market’s future direction. On the macro front, US national debt surpassed the $40 trillion mark, and the US Treasury doubled its long-term bond buybacks.
Additionally, Bitcoin rallied 23% to 27% in a single week alongside gold, a move reinforced by strong inflows into spot Bitcoin Exchange-Traded Funds (ETFs).
Lee highlighted that these events coincided with a broader discussion around fiscal sustainability, currency debasement, and the demand for hard assets. While he acknowledged that these factors do not necessarily establish the primary cause of the recent crypto rally, their significance is hard to ignore.
The Bitget chief analyst explained that macroeconomic factors played a crucial role in the mid-August rally. Unlike past rallies, the surge in crypto prices is now heavily influenced by ETF flows, fiscal conditions, global liquidity, and crypto-native elements.
Moreover, Lee underscored that the market’s ability to sustain its recovery may depend partly on institutional flows, liquidity conditions, and investors’ reactions to incoming macroeconomic data.
Drivers of the Next Trend
Lee advises monitoring interest rate expectations, inflation, US dollar strength in foreign exchange markets, Treasury liquidity, and Federal Reserve signals heading into Q4. Typically, a softer dollar and lower odds of a rate hike favor the crypto market. Conversely, a hawkish outlook, a rate hike, or a stronger dollar usually diminishes risk appetite for risk assets, such as crypto.
Within the crypto ecosystem, ETF inflows, stablecoin supply growth, and regulatory progress are key variables that could affect retail and institutional participation. Lee identified stablecoins, real-world asset (RWA) tokenization, and artificial intelligence (AI) as particularly interesting areas to focus on due to their exponential growth over the years, a trend amplified this year.
The Bitget chief analyst pointed out that these sectors determine capital rotation between their side and crypto.
Year-End Outlook
Lee admitted that the factors he enumerated have yet to show a definitive indicator of where the crypto market is heading in Q4. Nonetheless, he projected that an $85,000-$100,000 scenario in Bitcoin is likely if prices maintain their range-bound trajectory in the near term, with ETF flows remaining positive and macro conditions favorable. It could test $110,000-$150,000 on sustained upward momentum reinforced by regulatory clarity, especially if the pending Digital Asset Market CLARITY Act is approved this year.
On the other hand, Lee warned that a more hawkish Fed or liquidity shock could push prices back to $55,000-$65,000.
Disclaimer: The compiled data, analysis, and commentary featured in this article are for informational purposes only. They do not constitute financial advice or a product recommendation from Bitget, the author, or the Blockzeit team.
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