VALR CEO says Bitcoin could reach $130,000 if metals rally fades

According to Beincrypto, VALR CEO Farzam Ehsani said Bitcoin could rise to $130,000 in the first quarter of 2026 if the rally in gold and silver fades and capital rotates back into crypto.

Ehsani ties Bitcoin’s recent sideways action to capital moving into precious metals rather than to structural weakness: gold has risen about 69% and silver about 161% over the past year, and BTC’s short-term correlation with gold sits near −0.11. He also noted long-term holders have largely stopped selling since July—reducing supply—while prices are consolidating after a shallow 1% day-on-day pullback.

The near-term test, he and the analysis say, comes from short-term holders near break-even. Short-term holder realized price sits near $99,100 (sometimes cited around $99,400), and STH NUPL has moved from about −0.18 toward −0.05. Clearing the short-term pressure zones and a daily close above roughly $99,400 and then $101,600 (the 365-day moving average) would validate a path to higher targets (the chart extension cites $108,000 next); a sustained move below $84,300 would invalidate the cup-and-handle setup, while the bullish structure stays intact above $91,900.

Key Topics

Crypto, Valr, Farzam Ehsani, Bitcoin, Gold, Silver