BTC made some positive gains over the last few days, breaching the $75,000 price level on April 14, 2026. However, the asset seems to be facing resistance at the $75k level now, an increase from the previous $72,000-$73,000 resistance level. According to CoinGecko’s Bitcoin data, BTC’s price has dipped 0.2% in the last 24 hours, but is up 4.2% in the weekly charts, 9.2% in the 14-day charts, and 2.4% over the previous month. While Bitcoin (BTC) has struggled to gain steam over the last few months, Bitwise Chief Investment Officer (CIO) Matt Hougan has given two reasons why its price target should be higher.

2 Reasons Why Bitcoin’s Price Target Should Be Higher

According Hougan, Bitcoin (BTC) seems to be behaving like a hedge amid global geopolitical chaos. Hougan believes that if BTC takes on a dual role of being a store of value, like gold, and a currency, like the dollar, we may have to put a higher target for BTC’s price.

Bitcoin (BTC) hit an all-time high of $126,080 in October of 2025. However, the market saw a massive liquidation event, and investors began a risk-off approach. Gold and silver, on the other hand, hit multiple all-time highs from late 2025 till ear 2026. However, gold’s ascent has slowed down over the last few months.

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The dip in gold’s momentum and Bitcoin’s (BTC) recent upswing could be a signal that the market is changing. Moreover, geopolitical tensions continue to remain high. The US seems to be in a lonely corner, given that its allies have not joined its Middle East operation. Macroeconomic worries have also plagued investors. Despite the ongoing issues, Bitcoin (BTC) is beginning to show signs of a recovery. If the pattern continues, BTC could reclaim the $100,000 mark in due time.