Jamie Coutts, chief crypto analyst at Real Vision, said that "unless something fundamental changes", bitcoin's price movement is still expected to enter "crazy season", also known as "banana zone", a term coined by Real Vision founder Raoul Pal to refer to a debt refinancing cycle driven by macroeconomic forces that affects all asset prices, but cryptocurrencies in particular.
Coutts pointed out that in the first two bull cycles, Bitcoin reached new all-time highs within 365 days of the local dollar index's peak.
He suggested that if Bitcoin follows the previous bull market pattern, its price could rise by more than 100% from the current level, reaching $150,000 by the end of 2024.
Analysis: Bitcoin Could Reach $150,000 by the End of 2024
2024-08-27 17:10:05
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Sonic Labs：Sonic测试网将于下周上线Next article：
Sonic Labs: Sonic testnet will be launched next week
