Analysts predict that Bitcoin could reach $150,000 if it repeats the price increases of previous cycles.
While it is being discussed that Bitcoin has entered a new price discovery phase in the cryptocurrency market, the analyses and predictions are drawing attention. Analyst Daan Crypto Trades stated that Bitcoin's current price movements indicate great potential compared to previous cycles.
The analyst recalled that in the 2017 cycle, Bitcoin gained 1600% in value before reaching its peak, and this increase remained around 245% in 2021. In addition, even if the current cycle only increases by half of the increase experienced in 2021, it seems possible that the Bitcoin price could rise to $ 150,000. This assessment is made within an analytical framework based on Bitcoin's historical price movements.
Capriole Fund founder Charles Edwards also supported this view. Edwards stated that Bitcoin could enter a new price discovery phase and start a strong upward wave. Factors such as Bitcoin’s network activity and market sentiment support these predictions.
As a result, market experts emphasize that Bitcoin has started a new bull run based on historical data and may move towards an ambitious target of $ 150,000. While investors are carefully following a possible rally, they do not forget to take into account other dynamics of the market.