Crypto Trader Projects $150,000 Bitcoin Cycle Top, Will Bulls Hit The Mark?

A crypto trader has predicted Bitcoin price to break $150,000 this cycle despite present conditions. Several analysts have called for a higher Bitcoin price this year, citing institutional inflows as adoption hits the roof. The cycle top remains a long debate among traders, with most gauging at $150K. While diverse opinions trail digital asset spaces, there seems to be a consensus for long-term growth.

Bitcoin Price Will Soar To $150K 

In a new post on X, Inmortal Crypto shared a projected growth map with the Bitcoin cycle top as $150K. The wider community re-echoed these views as bulls showed signs of a recovery above $100K. BTC will record surging gains to the cycle peak for most users as institutional and decentralized finance numbers soar.

Crypto whales have accumulated large holdings this year, showing signs of holding with assets moved off centralized exchanges. Bitcoin has attracted more investments due to spot ETF products, which have seen an inflow of over $40. The approval of these funds opened a window for traditional investors to increase their exposure. 

Public traded firms like MicroStrategy have increased the assets on their balance sheet, setting the tone for more acquisitions. Similarly, Japanese company Metaplanet followed Michael Saylor’s lead in adding Bitcoin to its balance sheet. Other companies that made BTC purchases include Semler Scientific, Tesla, Block, etc.

These developments spiked institutional confidence and attracted fresh capital to the market. Immortal Crypto’s prediction became popular in crypto circles after accurately writing on the 2022 market bottom.

“Now let’s go for the answer we all want to know now when we’ll find the bottom? In prev cycles, there has been a very similar distance between the bottom of the cycle and halving, 527 days on average. If this time is similar, we’ll print the bottom in November 2022. And finally, the big picture. It’s certain that these dates won’t be met exactly. There are thousands of variables that will shape the PA during this cycle…” 

Donald Trump Effect Behind Projection

Donald Trump’s election victory ushered in a new wave of sentiments across institutional and retail markets. During campaigns, he vowed to end Joe Biden’s war on crypto alongside making the United States the global Bitcoin and Artificial Intelligence capital.

Positive crypto rules across the country are major factors for the jump in institutional positioning. Several states have made efforts to pass Strategic Bitcoin Reserve Bills. Furthermore, Standard Chartered pointed to the BTC price as $500K before the end of Trump’s administration.