In the bull market, the logic of predicting that BTC will break through $150,000 can be understood from the following aspects:

Long-term coin hoarding strategy: Most of the Bitcoin miners with tens of billions of dollars do not make profits by simply mining and selling, but adopt a long-term coin hoarding strategy. They understand that the real value of Bitcoin lies in its long-term appreciation potential, so they will try to reduce the number of Bitcoins they sell and only sell enough to pay for electricity. As time goes by and the price of Bitcoin rises, they can reduce or even stop selling, further reducing the market supply and driving up the price of the currency.

The impact of the halving mechanism: The halving mechanism in the Bitcoin network occurs every four years, reducing the issuance of new coins, thereby increasing the scarcity of Bitcoin. This leads to a decrease in the supply of Bitcoin in the market, and if demand continues to grow or remains stable, price increases are inevitable.

Market supply and demand relationship: The price increase of Bitcoin depends mainly on the supply and demand relationship in the market. When demand is greater than supply, the price will rise. Large miners who hoard coins for a long time control the supply side, and they will not sell Bitcoin easily, especially in the expectation of price increases, they will prefer to hold.

Technical analysis and market psychology: Although technical analysis should not be relied upon to predict prices, it can reflect the sentiment and trends of market participants. In a bull market, technical analysis may show trends and signals that support further price increases, which further enhances buyer confidence.

In short, the prediction that the price of Bitcoin will exceed $150,000 includes long-term coin hoarding strategies and the confidence of market participants in addition to fundamental factors based on the halving mechanism and supply and demand. These factors combine to form the logical basis for the Bitcoin bull market.

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Finally, there are still many things that are not written in, such as specific opportunities and specific decisions. These things are often not summarized in one article.

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