Can Bitcoin Really Hit $150K By Year-End — Hype or Reality?

New Delhi: Bitcoin is once again showing signs of life after a brief dip to $100,500 earlier this week. As of now, the world's largest cryptocurrency is hovering around the $105,500 mark and holding steady ahead of the June 8 weekly close.

The rebound has sparked fresh hope among investors and crypto watchers that the recent price correction may be coming to an end, and that a bigger rally could be on the horizon.

According to Cointelegraph Markets Pro and TradingView, Bitcoin’s recent price action is encouraging for traders who believe the bull run isn’t over yet. In particular, popular crypto analyst Rekt Capital shared on X (formerly Twitter) that Bitcoin appears to be breaking out of a two-week downtrend and may be turning that resistance into support.

“Daily closing & retesting ~$106,600 would be even better to enable trend continuation,” Rekt Capital noted, pointing to a key technical level that could trigger further upside.

Some analysts believe that Bitcoin could surge as high as $150,000 before the end of the year. One of the key arguments is that Bitcoin’s current market structure resembles that of gold’s explosive rise in the early 2000s.

Analyst Tony Severino sees what’s called a “bull flag” pattern forming, a technical signal that often indicates a strong move upward. If this pattern plays out, Severino suggests that BTC could rocket toward the $150,000 target.

On the other hand, Bitcoin researcher Axel Adler Jr. is taking a more data-driven, on-chain approach. He believes Bitcoin is entering what he calls the “rally start zone,” based on previous price cycles. These are moments in the past where Bitcoin has historically surged to new highs after similar patterns emerged.

While the forecasts are exciting, it’s important to remember that Bitcoin is known for its volatility. Prices can swing wildly due to everything from global economic news and regulatory decisions to sudden changes in investor sentiment.

Still, many crypto bulls believe the recent pullback is simply part of a healthy uptrend, and that Bitcoin still has room to run. With the next Bitcoin halving completed in April and growing institutional interest, some think this rally could stretch well into 2025.

Financial experts usually recommend caution. While the $150,000 prediction is certainly possible, it’s far from guaranteed. Investors should do their own research and be prepared for both ups and downs.

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