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Can Bitcoin Hit $150K and Ethereum Reach $5K? Analysts Weigh In
The cryptocurrency market is abuzz with bold predictions as experts forecast Bitcoin to reach a staggering $150,000 and Ethereum to target an equally astonishing $5,000. As the price of Bitcoin surges past the $100,000 mark, analysts are weighing in on the feasibility of these lofty targets.
Bitcoin Aims for $150K as Big Players Drive Momentum
The current trading price of Bitcoin stands at $104,959.98, representing a 3.19% increase over the past 24 hours. With gains exceeding 130% year-to-date, analysts are now pointing to continued upside potential. Notable voices in the space include Nigel Green, CEO of deVere Group, who foresees Bitcoin reaching $150,000 by mid-2025. This forecast is underpinned by surging institutional interest and retail demand.
PlanB, a well-known stock-to-flow analyst, offers an even more immediate prediction, suggesting that Bitcoin could hit $150,000 by the end of this month. Ari Paul, founder at BlockTower, takes an even more optimistic stance, envisioning a potential price of $500,000 in the not-too-distant future.
Source: coinchapter.com
