The Bitcoin market saw a net price decline of 2.37% last week, yet expert investors still project optimism for significant gains. A CryptoQuant analyst, Percival, predicts Bitcoin reaching $150,000 in this bull cycle, citing its price trajectory similar to mature financial assets.
The analysis utilizes Fibonacci expansion from cycle lows, with Bitcoin's price target supported by supply analysis through Bitcoin Realized Price Bands. Achieving $150,000 requires a $3 trillion market cap, similar to previous growth seen in realized Cap data.
Potential demand, such as US Bitcoin Spot ETFs and institutional interest from pro-crypto policies, may contribute to this target. CoinCodex analysts predict Bitcoin trading above $113,658 and even $132,823 in coming months, highlighting the market's bullish sentiment.
Fonte: www.newsbtc.com ↗