Why are analysts saying Bitcoin could reach $90,000?

21Shares analyst Matt Mena said Bitcoin’s strength after hotter-than-expected US inflation data suggests macroeconomic risks are already priced into the market. He believes regulatory progress from the CLARITY Act could become the next catalyst for a move toward $90,000.

Why didn’t Bitcoin fall after the latest inflation report?

Bitcoin held above $80,000 despite stronger US CPI data, which normally pressures risk assets. Analysts say this signals investors are becoming less reactive to inflation surprises and more focused on long-term institutional adoption trends.

Why is the $80,000 Bitcoin level important right now?

Traders increasingly view $80,000 as a key structural support level for the current Bitcoin cycle. Holding above that range suggests buyers remain active and the broader bullish market structure is still intact.

What is the CLARITY Act and why does it matter for Bitcoin?

The CLARITY Act is proposed US legislation aimed at creating clearer rules for digital assets and crypto markets. Investors believe clearer regulation could encourage pension funds, asset managers and corporations to increase crypto exposure.

How could the CLARITY Act push Bitcoin higher?

Supporters argue the bill would reduce regulatory uncertainty for institutional investors entering crypto markets. More ETF inflows, treasury allocations and institutional participation could increase demand for Bitcoin if the legislation advances.

What Bitcoin price targets did Matt Mena outline?

Mena said Bitcoin could first break above $82,000 resistance before targeting $85,000 and eventually testing $90,000. His outlook depends partly on positive momentum from US crypto legislation and continued institutional buying.

What role are ETFs playing in Bitcoin’s current rally?

Spot Bitcoin ETFs continue attracting institutional capital and are helping support market liquidity during periods of macroeconomic uncertainty. Analysts view ETF inflows as one of the strongest structural demand drivers in this cycle.

Why are institutional investors still buying Bitcoin despite inflation concerns?

Long-term investors such as ETF allocators and corporate treasury buyers typically focus on multi-year adoption trends instead of short-term macro volatility. That behaviour can stabilise Bitcoin during economic data shocks that previously triggered heavy selling.

Bitcoin targets $90K on crypto bill optimism

Written by Jon CuthbertPublished May. 13 2026

Bitcoin held above the $80,000 level despite stronger-than-expected US inflation data, with 21Shares analyst Matt Mena arguing the market has already absorbed inflation-related risks.

Mena said Bitcoin’s ability to avoid a sharp sell-off following the latest consumer price index report reflects growing institutional confidence and suggests macroeconomic headwinds are losing influence over crypto markets.

“$BTC did not decline due to inflation data,”

Mena said, adding that:

“The market appears to have already priced in the overheating inflation data.”

Bitcoin traded near $82,000 on Wednesday after rising about 0.8% over the previous 24 hours, with analysts increasingly treating the $80,000 level as a key structural support zone for the current market cycle.

Mena said Bitcoin could first break above $82,000 resistance before moving toward $85,000 and potentially testing $90,000 if the Senate advances the proposed CLARITY Act regulating digital asset markets.

The legislation, supported by Senator Cynthia Lummis, is scheduled for Senate Banking Committee review this week and is widely viewed by the crypto industry as a major step toward broader institutional adoption.

Analysts said clearer US regulatory frameworks combined with continued exchange-traded fund inflows and ongoing corporate treasury accumulation, including holdings by Strategy, could strengthen long-term demand for Bitcoin despite ongoing macroeconomic uncertainty.

At the time of reporting, Bitcoin price was $80,978.89.