Bitcoin has been bearish over the last three days. Thecryptocurrency briefly rose after finding intraday support. It then moved backtoward the support level with strong downward momentum.Digitalassets meet tradfi in London at the fmls25Smaller time-frame charts currently favor sellers. MichaelSaylor, co-founder of Strategy, which holds the largest Bitcoin treasury,projected that Bitcoin could reach $150,000 by the end of 2025.Saylor Cites Regulation as Bitcoin ForecastSaylor spoke at the Money 20/20 conference in Las Vegas. Hecited regulatory developments, including the SEC’s approach to tokenizedsecurities and US Treasury support for stablecoins, as factors behind theforecast. The projection comes amid lower crypto prices, partly due to marketreactions to US tariffs on China. Analysts say that easing trade tensions andongoing negotiations could affect trends.BREAKING: 🇺🇸 Michael Saylor said Bitcoin will reach $150,000 by the end of 2025. pic.twitter.com/QNUELKYSlY— Ash Crypto (@Ashcryptoreal) October 29, 2025BTCUSD Faces Rejection, Trades Near SupportBTCUSD, after a period of bearish movement, found support at108,180. The price attempted to move higher but faced rejection at the previousswing high of 111,700. Since then, it has resumed its downward trajectory. At the time of writing, BTCUSD is trading around 108,180. Abearish breakout below this level could attract sellers and push the pricefurther downward.Diverging Views Emerge Over Bitcoin’s Year-End PriceOutlookSeveral crypto executives remain confident that Bitcoincould reach $250,000 by year-end, though GalaxyDigital CEO Mike Novogratz expressed skepticism. Novogratz told CNBC thatwith just a couple of months left in the year, such a surge would require “aheck of a lot of crazy stuff” to drive that kind of momentum.At the same time, analysts like Fundstrat co-founder Tom Leeand BitMEX co-founder ArthurHayes continue to double down on their $200,000–$250,000 targets. On the Bankless podcast, Lee argued that the halving cycle,accelerating institutional adoption, and a more pro-Bitcoin U.S. government arecompelling tailwinds. Hayes, meanwhile, said in a recent interview that globalliquidity is a key driver, and he believes a rally toward $250,000 could quietongoing controversy.First of its kind:S&P Global just gave Strategy Inc a ‘B-’ (Stable) rating --the first time ever a Bitcoin Treasury Company has been rated by a major agencyWall Street’s finally catching up to #Bitcoin🟧https://t.co/0niLGEEWsn— RocketFuel Crypto Education (@RocketFuelEdu) October 27, 2025Heavy Bitcoin Holdings Increase Company RiskMeanwhile, S&P Global Ratings gave Strategy a “B-” credit rating,which is considered speculative. The rating notes the company’s large Bitcoinholdings, limited diversification, and low dollar liquidity. Strategy, formerly a software firm, now focuses on holdingBitcoin through equity and debt funding. S&P said the company’s heavycrypto exposure makes it sensitive to market swings and regulatory changes. Itssoftware business contributes minimally to cash flow.This article was written by Tareq Sikder at www.financemagnates.com.