Asset management firm 21Shares has issued a bullish forecast for Bitcoin, predicting the price could reach as high as $138,555 by year-end. Their report cites several factors driving this optimistic outlook: macroeconomic resilience and strengthening on-chain indicators. The research compares the current market cycle to 2021, when Bitcoin weathered major external shocks like China’s mining ban without significantly impacting its long-term growth trajectory. This time, Bitcoin’s appeal stems from challenges like monetary policy disappointment and increased global liquidity. The report notes that despite recent volatility, the market exhibits strength rather than fear.