RealVision analyst: Based on historical bull market patterns, Bitcoin is expected to rise to $150,000 by the end of the year
RealVision analyst Jamie Coutts wrote on X that "unless something fundamental changes," Bitcoin's price action will still enter a "batshit season," also known as the Banana Zone, a term coined by Raoul Paul, founder of RealVision.
In the accompanying chart, Coutts noted that in the first two bull market cycles, Bitcoin hit their respective all-time highs within 365 days of the local dollar index peaking.
He said that if Bitcoin follows the previous bull market pattern, it could soar more than 100% from a price of $64,000 to a high of $150,000 by the end of this year.
