Original archived Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Scraped on 02/08/2025, 04:55:10 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 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.

Your chart is already outdated.
It shows ~$190,000 while that post made 2 July 2025 which means by September/October M2 will probally over $200,000.
https://cointelegraph.com/news/bitcoin-target-sits-around-170k-as-global-m2-supply-reaches-record-high