CandleFocus Here's when Bitcoin will hit $150,000, according to analyst
2024-12-14
Author: Content Editor
Bitcoin is in a short-term consolidation phase above $100,000, but technical indicators suggest it could add $50,000 to its value in the current cycle. The asset is trading above key moving averages and market sentiment is overwhelmingly bullish. An analysis suggests Bitcoin could reach $150,000 before the summer of 2025 based on the "3 Expansion Phases" pattern formation. Major institutions like Standard Chartered and VanEck also have bullish price projections for Bitcoin in the coming years. Short-term analysis indicates that Bitcoin could break out and reach $112,000. However, CryptoQuant's on-chain analysis warns that investors should be prepared to sell when Bitcoin's supply "in loss" drops below 4%, as it could signal the peak of the bull run.
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