Summary
- An analysis suggests that Bitcoin (BTC) could reach up to $150,000 in this bull market.
- James Check, the chief analyst at Glassnode, emphasized that if it goes above $150,000, it should be considered a speculative frenzy.
- Currently, Bitcoin is trading at around $104,400, up 2.4% from the previous day.
An analysis suggests that Bitcoin (BTC) could reach up to $150,000 in this bull market.
On the 23rd (local time), James Check, the chief analyst at Glassnode, appeared on a podcast and stated, "If it goes above $150,000, it should be considered a speculative frenzy, and if it goes beyond that, the price is expected to plummet quickly," he said.
He mentioned, "The current graph resembles the pattern seen during 2016-2017," and added, "If my prediction is correct, the current uptrend will continue until May."
Meanwhile, Bitcoin is trading at around $104,400 on the Binance Tether (USDT) market, up approximately 2.4% from the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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