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.
This is the longest bull run ever and while this bull run may not be over, it would be incorrect to say that we are just in the middle of a bull run. No one knows how long it will last or when it will end, and bull season could end at any time.
180k-200k used to be a realistic target in this cycle when bitcoin hit $109k at the start of the year. But 2 quarters have passed and we are still in the same position, so the target is no longer realistic. This is no longer a conservative estimate.
I still believe the bull season will continue but I doubt Bitcoin can hit $180k or $200k before this season is over. $130k-150k seems much more realistic.