Analysts predicted the growth of the bitcoin cryptocurrency to $ 150,00

Analysts predict significant growth of bitcoin. According to cryptocurrency market experts, the value of BTC $70,960.34 Bitcoin 4.72% Market capitalization $1.4 trillion VOL. 24 hours $2.69 billion could reach $ 150,000 this cycle.

In his latest video, analyst Satoshi Stucker spoke about the future movements of bitcoin and other cryptocurrencies, including Ethereum. He emphasized the continuous demand for bitcoin through spot ETFs, where hundreds of millions of dollars are being poured in daily. This contributes to a positive outlook for bitcoin.

The MVRV chart shows the possibility of a breakout from the current decline, which historically leads to significant price increases. Bitcoin miners have also reduced sales pressure, which may further stabilize and increase the price of the asset. The recent breakout above the critical resistance level of $ 66,700 and support at this level after the correction suggest that the trend may be upward.

Historically, after a halving, bitcoin consolidates and then shows a significant price increase. This pattern is repeating itself, and analysts are predicting a target price of $ 150,000 for BTC in this cycle.