When people ask questions like 'where the bitcoin is heading to', they usually want to know the direction of bitcoin in short to mid term.
For example most people would like to know the bitcoin target for next week's or months. We all know that one day bitcoin will reach to over a million dollars, but this is not going to happen in this cycle. So the main concern is what will be the bitcoin cycle top in this bull season?
The question is pretty obvious : strategic reserve, m2 supply rally, one big beautiful bill.
The answer clearly points to bullish sentiment and why btc has broken double top structure and now channeling and it seems about to break resistance.
Maybe we will peaked at $180k-200k for short term. Just my 2 cents though totally NFA.
We are still in the middle of the bull run, so I won't speculate on short, we just had barely six months to go before the end of the year and that's where our target it. And with that, most of us are leaning towards $150k-$180k.
That's where the conservative estimates are, but in any case there are a lot of good news that will come then yeah, why not go for $180k-$200k as there are also that school of thoughts that we might reach that price because of the bullish sentiments and again, maybe the Bitcoin reserve idea might get traction for governments around the world and private companies.