BTC Could Soar to $250K

Key drivers, according to Cardano founder Charles Hoskinson, include increasing geopolitical instability, probable interest rate cuts, and regulatory clarity.

The crypto market has been buzzing with activity lately, especially regarding Bitcoin's price movements. As the leading cryptocurrency recently dipped below $77,000, remaining above the critical $70,000 level despite recent price drops, interest in the subject has grown.

In a recent interview with CNBC, Charles Hoskinson, the founder of Cardano, expressed his optimism about Bitcoin's price trajectory, predicting that it could potentially reach $250,000 by early 2026 or even sooner, by the end of this year.

Now, as we follow the latest Cardano price prediction, we’re going to be looking at a chart analysis from vallijat007 on TradingView. But first, let’s get up to speed on the macroeconomic trends that are set to unfold.

As we covered previously, several economists have been making the case for a deep and lasting recession, especially as the 1971 Bretton Woods agreement that established the dollar's central role in global finance is nearing its 50th anniversary.

The thinking goes that in a world riddled with geopolitical instability and a declining respect for international agreements, especially as the major powers clash, the need for a truly borderless and decentralized asset class will become crucial.

Especially as traditional finance stumbles under political pressure, crypto will be the only practical solution for global trade, despite the small size of the market compared to traditional markets.

Moreover, with the Federal Reserve potentially cutting interest rates later this year, we might see fresh liquidity flowing back into the cryptocurrency market.

On the regulatory front, there are several bills making their way through Congress that could have a significant impact on the crypto space. These bills, which are expected to be passed by mid-year, aim to provide clarity on the legal framework for cryptocurrencies, particularly stablecoins, and set the stage for institutional participation.

This involvement could be especially interesting as major tech companies like Apple and Microsoft might find utility in cryptocurrencies, especially stablecoins, for enabling fast and global transactions, something that could revolutionize their business models.

While the market is likely to remain in a holding pattern for the short term, Hoskinson expects that the summer or fall will mark the beginning of a new wave of speculative energy, potentially pushing the Bitcoin price towards his $250K target as we follow the latest Cardano price prediction.

After a long downtrend, the 15-minute ADA/USDT chart clearly shows a bounce from the $0.55-$0.57 support range. At that level, Cardano (ADA) experienced strong buying interest that triggered a bullish reversal. The price surged sharply, breaking through mid-level resistance and briefly testing the $0.64 resistance zone before pulling back. It has now formed a higher low near $0.59, which is serving as key support.

As we follow the latest Cardano price prediction, ADA is currently being traded around $0.6227 and it shows signs of upward momentum.

Chart 1: Analysed by vallijat007, published on TradingView, April 11, 2025

The Relative Strength Index (RSI) stands at 63.88, which is slightly bullish and indicates potential for further upside. However, it’s not yet in overbought territory. We can also observe that the previous RSI peaks and troughs have aligned well with the price turning points, providing clear overbought and oversold signals, which is useful for technical analysis.

The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line above the signal line and green histogram bars that support continued upward momentum.

If ADA breaks above $0.64, it could retest higher resistance levels. However, if it fails to hold above $0.59, it may trigger a short-term correction toward the $0.55 zone.