I’m beginning to be more convinced more that $150K is very much possible this year and that the market will not take much time from now from getting to $150K. I saw some predictions long ago when Bitcoin first hit $100K and many people were already speculating that Bitcoin will reach $200K in this bull run, I always thought it was not possible and it’s not something we should even imagine in this bull run and that if we get to $120K we should be happy to take profit. But I’m now having a changed mind towards it and already foreseeing probably a price close to $200K by end of this bull run. The market is very much bullish and I don’t see it stopping anytime soon.
The market is extremely bullish and that is why bitcoin hit $123,000 in the past few days, but whether that optimism can be sustained will depend on. Because the market depends on many factors from economic to political, and we are not the ones to control those factors. Just news of war or geopolitical instability can impact and disrupt market excitement. So don't assume that the market will rally strongly just because it is in a state of extreme euphoria.
Based on history and if history repeats itself, the bull season will end before the year ends. That means we have less than 6 months left and I don't think the $200k goal will be easy to reach. I think $150k is more realistic.