- Fibonacci expansion suggested Bitcoin’s next major target range might lie between $136k and $150k
- ETFs and Futures must see significant capital inflows to push Bitcoin’s market cap to $3 trillion
Bitcoin’s [BTC ($101,987.00)] journey to the $2 trillion market cap has solidified its position as a dominant force. However, as the asset matures, the question on many investors’ minds is whether Bitcoin can hit the elusive $150,000-level. While the target seems ambitious, data and market indicators suggest it’s within reach – If the right conditions align.
Achieving this milestone will require significant capital inflows, driven by factors like institutional adoption, the growing popularity of Bitcoin ETFs, and the expansion of Futures markets.
Bitcoin’s price structure – Bullish spikes and consolidation
Bitcoin’s price history has been marked by sharp bullish spikes, followed by consolidation periods that often test investor patience.
These consolidations, while sometimes seen as “distressing,” are essential phases of market maturity. Historical cycles, including the 2021 and 2023 bull runs, reflect this pattern – Explo...
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