Bitcoin Price Prediction: $150K Forecast and ETF Market Trends; BTC to Hit $70,000?
On Monday, the price of Bitcoin increased by 1%, opening at $68,473 and reaching an intra-day high of $68,733.Despite ongoing volatility, traders and investors remain speculative about future movements, closely watching the global crypto market cap, which increased by 0.42% to $2.55 trillion.
The total crypto market volume surged by 45.83% to $66.2 billion in the past 24 hours. Factors like US BTC-spot ETF market flow trends, anticipated central bank policy easing, and positive US political developments are driving the upward trend.
Veteran trader Peter L. Brandt predicts Bitcoin will hit $150,000 by September 2025, based on historical trends linked to Bitcoin’s “halving” events, where mining rewards are reduced by half. These halvings often signal key points in Bitcoin’s bull market cycles.
Peter Brandt has predicted that the Bitcoin price could potentially reach a whopping $150,000 during the ongoing bullish cycle. pic.twitter.com/0IuhEoXcGC
— BULLSTREET GROUP (@Bullstreetgroup) June 3, 2024
Brandt’s analysis, supported by analysts like CryptoCon and PlanB, indicates that the period from the start of a bull market to a halving often equals the time from the halving to the market peak.
Key Points:
This prediction could increase investor interest and market speculation, driving bullish momentum and significantly impacting Bitcoin’s market dynamics and valuation.
Crypto analyst Jason Pizzino highlights the average true range (ATR) indicator’s role in predicting Bitcoin (BTC) movements. Pizzino suggests that BTC’s ATR bottom often precedes price consolidation and upward trends. He asserts that if BTC stays above $56,000 to $60,000, it could indicate an impending all-time high.
Additionally, Pizzino sees potential for altcoins
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