Bitcoin could reach a target price of $147,000. This prediction is largely consistent with my forecasts over the past two years.

Retail investors have recently sold about 41,000 bitcoins to take profits. However, institutions and whales have significantly increased their holdings during the same period, accumulating a total of 130,000 bitcoins. The low participation of retail investors leaves more room for the market to rise.

Bitcoin has rebounded after a pullback, rekindling hopes of hitting the $100,000 target.

https://chainalert.me/view/headline/4df17d