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Expert Predicts Bitcoin to Reach $150,000 by Year-End

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Expert Predicts Bitcoin to Reach $150,000 by Year-End
  • Buyers resisted panic, retaining coins purchased at peak prices.
  • Historically, cycle peaks occurred in November-December, suggesting a pattern repeat this year.
  • The rise in the number of whales and activity on Binance are harbingers of a bull run revival.

Every four years, cycle peaks fall in November-December. This year will be no different, with Bitcoin rising to $150,000, according to a user named Cyclop.

The expert provided benchmarks and dates for previous cycle peaks:

“Everyone screams: ‘Cycles are dead, bull run is over’, but they are wrong,” the analyst wrote.

The expert dismissed the notion of cycle disruption due to Ethereum sell-offs and/or the absence of an altseason. In his view, previous patterns were altered by the launch of ETFs and the onset of mass adoption of digital assets.

Cyclop noted that the duration of the correction will indicate its onset. The current pullback suggests a “cooling off” before growth resumes.

“Is there potential here? Yes, significant — there are still many bullish catalysts, retail trading hasn’t even reached past cycle levels, and there’s room to grow. Is there room for decline? Not much left for alts, perhaps a maximum of 20-30% for digital gold,” Cyclop stated.

In his opinion, there is currently the potential to double the initial position and the risk of a 30% deeper correction.

Whales Awaken

The number of holders with balances from 1,000 BTC to 10,000 BTC has risen to 1,992 — the highest since December. These observations were shared by Santiment.

According to Glassnode, in the current “2023-2025 cycle,” long-term holders unloaded 2 million BTC from their wallets in two waves.

Each was followed by renewed accumulation, helping to reduce selling pressure. This cyclical balance may stabilize price movement, specialists added.

Experts noted the transition of coins acquired in the last three to six months near the ATH into a holding status.

This behavior by this category of market participants indicates their confidence in the prospects of digital gold and reluctance to capitulate.

Binance as a Bullish Indicator

CryptoQuant highlighted relatively high user activity on Binance. According to specialists, a similar situation arose in January 2024 before Bitcoin jumped from $42,000 to $73,000.

According to analysts, historically, the rise in Binance’s trading volume dominance has been accompanied by increased bullish sentiment in the following weeks.

On March 31, the price of the leading cryptocurrency fell below $82,000 amid the approach of US trading tariffs.

CryptoQuant specialists noted alarming signals for Bitcoin in four indicators. One of the verified authors of the analytical firm confirmed that MVRV does not yet indicate that the quotes have reached the bottom.

Earlier, experts surveyed by Bloomberg suggested a “bull trap” in the rebound of digital gold’s price.

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