BTC showed positive growth in recent days, surpassing $75,000 on April 14, 2026. The $75k price level is a new resistance for the asset, which was previously $72,000-73,000. According to CoinGecko’s Bitcoin dataBTC has dropped 0.2% over the past 24 hours but it is still up by 4.2% on the weekly charts and 9.2% on the 14-day charts. It’s also 2.4% higher than the prior month. Matt Hougan (CIO of Bitwise) explains why the price for Bitcoin (BTC) should be increased.
There are 2 reasons Bitcoin’s target price should be higher
Hougan believes that Bitcoin (BTC), in the face of geopolitical turmoil, is acting like a hedge. Hougan thinks that BTC could be viewed as a gold-like store of value and currency like the dollar if it takes on this dual role.
Bitcoin (BTC), the cryptocurrency, reached a record high of $126,080 in 2025. The market experienced a huge liquidation, which led to investors taking a more conservative approach. From late 2025 to early 2026, gold and silver hit multiple highs. The ascent of gold has decreased over the last couple months.
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A recent increase in Bitcoin (BTC), and a dip in the gold market’s strength, could indicate a change. Geopolitical pressures remain very high. Due to the fact that none of its allies has joined in its Middle East campaign, it appears as though the US finds itself alone. Investors have been plagued by macroeconomic concerns. Bitcoin (BTC), in spite of the current issues, has begun to show signs that it is recovering. BTC may reclaim $100,000 in time if the current pattern is maintained.
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Source: watcher.guru
