Either it shows more indications to the road to $150,000 or not, we have to be well prepared for it, because we don't knowing what next is coming after this $118,000.
Well, the price seems to have hit a little resistance at that figure, but that's normal, it's not going to go up in a straight line. I do expect us to go up to $150K maybe between now and the end of the summer. It's a supply and demand issue. There's a lot of demand and a lot of players that when they buy they're not going to sell.
As long as the macro situation is good and there is no such bad news in the market, I expect the bitcoin prices to keep going up with a little bit of correction ofcourse.
Recently, there has been some hope that the Fed may cut interest rates in the next FOMC meeting and also we are hearing another news that Federal Reserve Chair Jerome Powell may resign and if this happens it may be bullish for the markets in the short term but in the long term it may not be good. If the Interest rates are cut by Jerome Powell, it will have a much positive impact on the market as compared to any other fed chairperson announces it.