Strive CEO: If Bitcoin Repeats SpaceX's Post-IPO Trajectory, It Could Hit $90,000 by February Next Year

Odaily reports that Strive Chairman and CEO Matt Cole posted on X platform, noting that Bitcoin fell 19% in the 50 days leading up to SpaceX's IPO, and with Anthropic set to go public next week, Bitcoin has already dropped 18%, with the two price trajectories showing a high degree of similarity. Data shows that after SpaceX went public on June 12, Bitcoin bottomed out on day 18, with a maximum drawdown of 25%, and by day 100 after the IPO, it was up 28% from the closing price on IPO day and had rebounded 39% from its lowest point.

He stated that if Bitcoin repeats a similar trajectory this time, most of the current decline may have already played out, with a rapid rebound likely in the coming months. Bitcoin is currently hovering near its 200-week moving average. If the post-SpaceX IPO price path is mapped onto the current price, Bitcoin could reach approximately $90,000 by late February next year. The market won't repeat historical patterns exactly, but I remain positive on Bitcoin's technicals and fundamentals through 2027.