Economist Timothy Peterson said that if Bitcoin hadn’t reclaimed its all-time high, the market might have had to wait until October for the next opportunity.
Bitcoin could be heading to $150,000 after spiking to a new all-time high of $112,000 on Wednesday, according to a Bitcoin bull.
“See you at $150k,” Milk Road co-founder Kyle Reidhead said in an X post on Wednesday, referencing a previous post in late June showing a “bullish cup and handle” formation that he said will push Bitcoin (BTC) to $150,000.
The optimism follows two weeks of tight consolidation, which saw many analysts concerned Bitcoin may not have the strength to pass its former record high in May.
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