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Can Bitcoin Reach $150,000? Analyst Dives In

Published 16/02/2024, 20:42
© Reuters.  Can Bitcoin Reach $150,000? Analyst Dives In
BTC/USD
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Coin Edition -

  • The analyst noted that a decrease in the supply in loss could trigger a rise to $150,000.
  • Bitcoin might undergo a corrective phase if bulls fail to defend $49,850
  • A clear path to $60,000 might appear if the 50 EMA stays above the 200 EMA.

Pseudonymous on-chain analyst and CryptoQuant author “OnChain Edge” has predicted that Bitcoin (BTC) would hit $150,000. According to OnChain Edge, he used two different methods to check the possibility and both of them gave the same result.

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