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I heard some serious people on X saying there's a case for Bitcoin reaching $168k by the end of the year.

What's the rationale behind that?

This is the chart that has everyone calling for $160K in two months. It has been pretty accurate and markets tend to be self fulfilling prophecies sometimes. I think that may be what we’re seeing here. I think the top of this chart will be a little late though. I’m still going with the S&P500 Strategy inclusion as being the top of this cycle and it will occur between the announcement on September 5th and the event on September 20th.

Original archived Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Scraped on 01/08/2025, 22:20:40 UTC
I heard some serious people on X saying there's a case for Bitcoin reaching $168k by the end of the year.

What's the rationale behind that?

This is the chart that has everyone calling for $160K in two months. It has been pretty accurate and markets tend to be self fulfilling prophecies sometimes. I think that be what we’re seeing here. I think the top of this chart will be a little late though. I’m still going with the S&P500 Strategy inclusion as being the top of this cycle and it will occur between the announcement on September 5th and the event on September 20th.