A crypto analyst has predicted that Bitcoin (BTC) could hit $155k under one condition – sustain its position above the $91k price level.
Another analyst has predicted that Bitcoin could rise to $150k as the global Money Supply (M2) reaches an all-time high level.
Bitcoin (BTC) recently stole the spotlight with a surprising U-turn from its 30-day low of $74k to $95k in just 24 hours. Since then, the asset has successfully held its position above $94k, printing 0.15% gains on its daily chart and 7.5% gains on its weekly chart. According to our market data, Bitcoin’s ongoing trend is largely supported by its trading volume, which has recorded a staggering 50% surge in the last 24 hours.
Commenting on this, a popular analyst known as Ali Martinez has disclosed that Bitcoin could continue this momentum to breach its all-time-high price at $109.1k and proceed to touch $155k. However, there is a price to pay. According to Martinez, Bitcoin would first have to prove resilient, ove