Bitcoin is currently trading at $82,900, but according to popular crypto analyst and millionaire Josh Mandell, the price could surge to $100,000 by the end of the month—if key resistance levels are broken.
Mandell’s $100K Prediction
Mandell, who has amassed a following of 79,000 users on X, believes that Bitcoin’s rally could continue toward the six-figure milestone if it closes above $84,000.
“So here’s the way I remember the rules working,” Mandell posted on X. “Close between $80K and $84K means the rally can continue from here… probably up to $100K by month-end.”
He further elaborated that an exact $84,000 close would signal “HISTORIC moves,” while breaking above $84,000 too soon could lead to a pullback.
Who is Josh Mandell?
Mandell has been a trader for decades, with experience at Salomon Brothers in the 1990s and later at Caxton Associates, a hedge fund managing over $12 billion in assets. He has gained credibility by publicly sharing his Fidelity trading account, where his portfolio grew from $2.1 million to over $23.4 million, largely through Bitcoin and Strategy (MSTR) options trading.
His previous Bitcoin prediction in November 2024 went viral when he suggested BTC could hit $444,000 if $84,000 became the key base level—a forecast that received over 1 million views.
Institutional Bullishness on Bitcoin
Mandell is not alone in his bullish outlook. Other major players in the crypto space have made big bets on Bitcoin’s future:
- Cathie Wood’s Ark Invest recently purchased $80 million worth of Bitcoin and increased its Coinbase stake.
- Michael Saylor’s Strategy has continued to accumulate Bitcoin, reinforcing confidence in a potential rebound.
Key Catalysts for Bitcoin’s Rally
For Bitcoin to rise 18% and hit $100,000 by the end of March, analysts point to two crucial market factors:
- Market Reaction to Trump’s Tariffs
- The U.S. stock market rallied on Friday as investors adjusted to President Donald Trump’s new tariffs. The Dow Jones rose by 674 points, and the Nasdaq 100 jumped by 450 points.
- Historically, markets tend to overreact to black swan events, followed by strong rebounds—similar to what happened during the COVID-19 market crash.
- Federal Reserve Policy Shift
- The Atlanta FedNow tool estimates that U.S. GDP will contract by 2.4% in Q1, increasing pressure on the Federal Reserve to adopt a more dovish stance.
While Bitcoin’s 100K target remains speculative, technical indicators, institutional investments, and macroeconomic shifts could align in its favor. With March’s closing price being a crucial factor, traders and investors will be closely watching to see whether Bitcoin breaks past $84,000—or if Mandell’s prediction holds true.
