Bitcoin’s price may soar to $600,000 within the next few months, according to a detailed forecast published by prominent analyst Fred Krueger. His timeline projects a dramatic rise beginning July 21, 2025, and reaching the $600,000 mark by October 6, 2025.
Krueger’s scenario starts with Bitcoin priced at $150,000, anticipating significant shifts in global financial markets. Alongside Bitcoin’s surge, the U.S. Dollar Index (DXY) is expected to decline sharply, bond yields to jump, and fundamental changes in the global monetary system to unfold.
Global Monetary Shifts Set Stage for Bitcoin Rally
Krueger’s forecast identifies key triggers for Bitcoin’s rally, beginning with a challenging $200 billion U.S. Treasury auction in late July 2025. Under pressure, the Federal Reserve may hint at unconventional policies, sparking early upward momentum in Bitcoin’s value.
By July 25, 2025, Krueger expects BRICS nations to launch a new payment system backed by gold and Bitcoin. This initiative could challenge the U.S. dollar’s dominance, prompting a strategic response from the Federal Reserve and pushing investors toward alternative assets.
In early August, the forecast anticipates liquidity issues in a major U.S. pension fund, further unsettling markets. The Federal Reserve’s application of yield curve control (YCC) to cap Treasury yields is predicted to trigger a sharp dollar decline, boosting Bitcoin prices to around $215,000 while gold and oil prices also rise.
Government and Corporate Adoption Accelerates Bitcoin Growth
Momentum is expected to continue in mid-August as several countries—including Germany, Venezuela, Turkey, and Nigeria—shift reserves into gold and Bitcoin. Germany is projected to support the euro with gold backing, while Tether plans to introduce a Bitcoin-backed stablecoin, driving Bitcoin prices to approximately $265,000.
In early September, Krueger predicts the Federal Reserve will establish a “Digital Stability Unit” to explore a U.S. central bank digital currency (CBDC). Concurrently, real estate markets may experience sharp corrections, while Bitcoin climbs to $390,000.
By mid-September, leading U.S. companies such as Apple, Tesla, and Google are expected to convert Bitcoin holdings into key corporate assets. Notably, Apple is believed to have quietly acquired 200,000 BTC, propelling Bitcoin prices to $460,000.
Later that month, the International Monetary Fund (IMF) is anticipated to approve a new reserve asset basket comprising 50% Bitcoin, 30% gold, and the remainder spread among the yuan and other currencies. This milestone recognition of Bitcoin in global finance could push its price to $525,000.
Technical Analysis Signals Continued Uptrend
Supporting Krueger’s macroeconomic outlook, technical analysts also see bullish patterns. Analyst Ali Martinez notes that Bitcoin recently broke through an ascending triangle pattern, typically signaling a price increase. Martinez projects Bitcoin could reach around $112,000 in the near term, citing the shift of resistance into support as a key factor in sustaining upward momentum.
Another analyst, Egrag, identifies a structured upward channel with Bitcoin’s next resistance near $130,000. The breakout from a consolidation zone between $73,500 and $86,300 has opened the way for further gains. Fibonacci retracement levels suggest potential targets at $127,700 and $146,000 as the market expands.
Long-Term Outlook: A New Financial Order
Krueger concludes his 90-day forecast envisioning a U.S.-led Bretton Woods-style summit aimed at addressing dollar instability. He predicts the dollar will be restructured with backing from Bitcoin and gold, while the Federal Reserve’s balance sheet could expand to $44 trillion.
By October 6, 2025, Krueger expects Bitcoin to reach $600,000 per coin, gold to climb to $10,400 per ounce, and oil to hit $180 per barrel. Meanwhile, the U.S. Dollar Index (DXY) is forecast to drop to 68.