According to some prominent banks in the usa such as Citi Bank and jpmorgan, Bitcoin price will surpass $200k by the end of the bull cycle. The question is should we as investors or swing traders trust those bank analyst prediction and wait for those astronomical prices to be hit or think of lower selling targets ?
For me $150k is fairly enough for the next bull cycle .
Since you also have a modest valuation as speculation it is possible that we might reach those valuation before the bitcoin bull cycle ends For me $150k is fairly enough for the next bull cycle .
. I usually do not have these crazy speculation about how big the price can go but with the recent rally it is hard to assume how big it can go as there are institutional investment firms competing in the market as well and hence anything is possible.