Quote from: Hanadawa on July 22, 2025, 04:36:59 AM

Quote from: Smack That Ace on July 21, 2025, 03:17:56 PM

Sure we all want that to happen but I don't think we can get there that quickly. Bitcoin just hit $123k last week, and everything takes time. We cannot expect Bitcoin to keep going up forever without any correction and accumulation.
Bitcoin needs to correct and consolidate before it can move higher and it seems that its dominance is also decreasing to make way for altcoins. So, I predict that the best case scenario is that Bitcoin will continue to rise in early August and along with it, it will pull the entire market into the biggest bullish wave that everyone has been waiting for a long time.

If Bitcoin can gain momentum this year, then the $150,000 target is very possible. As far as I can remember, Bitcoin consistently hits all-time highs from August to the end of the year. If that pattern continues, I think this month is the last opportunity to buy Bitcoin below $120,000. However, Bitcoin's price is currently influenced by many factors, as it has become a sought-after asset by global crowdfunding companies. Bitcoin needs significant momentum to break through $130,000 and reach $150,000. If Trump, major institutions like Blackrock or MicroStrategy, and several countries make Bitcoin one of their foreign exchange reserves, it's not impossible that Bitcoin could reach $200,000 by the end of this year.

We still have more than 4 months left in the year, so there is no need to rush or speed up, bitcoin can still hit $150k if it can maintain the current pace. I'm not worried about the $150k goal this year but I don't think it's going to happen this month or next month.

Many will say anything is possible but 4 months is too short for a $200k goal. I don't know who else is optimistic about that goal but for me, I don't think bitcoin can reach that goal in just 4 months left of the year no matter how many institutions and companies add bitcoin to their strategic reserves.

In my opinion, it would take a bigger catalyst like national reserves, not just institutional reserves, to get bitcoin to $200k, but that's clearly not going to happen anytime soon.