Bitcoin price will reach $150K is a reasonable target because all investors are waiting for Trump's policies after he is inaugurated as US president next year, and it is likely that Trump will make policies that support crypto and of course will make the price of Bitcoin soar.
It is not impossible to reach $150k, but there is no guarantee to reach $150k. When there is another good news, we may see the Bitcoin price skyrocketing again. January is the time of Trump's inauguration, people are waiting this to see the bigger price of Bitcoin. It is not a very long time, we will be in January soon. Trump has promised to make a friendly policy for crypto industry. It is the sign that we will have bright future.
Truly, it is not impossible for Bitcoin to reach $150k, only time will guarantee Bitcoin to reach $150 and above it. After the inauguration of President Trump, the policies that he will sign into implementation for the crypto community will lead to a new standard, either a positive one for all or negative to some.
By January, after the policies has been implemented, the chances of big new investors coming into the crypto industry with confidence will increase the chances of meeting new highs in the crypto market. A room for new ideas, technology and more crypto enthusiasts will join the crypto platform.
January is just a few days away and the inauguration isn't far. That very day of inauguration will have an effect on the price of Bitcoin. If he makes speech on crypto currency (which I'm sure he will), then the price of Bitcoin going beyond $120k in a very short time could be attained.
We don't know how well Bitcoin price and crypto market in 2025, but it is clear that we have great time in the last month of 2024. I also expect for a better crypto market in 2025, but I am trying to always feel realistically. Everyone may rely on Trump for the Bitcoin price improvement in the next year, but we shouldn't focus on that single factor only. We must also still analyze the pattern of the previous bullrun season. So, we have a more convincing indicator to decide of taking profits. However, I agree that it is a good idea to start accumulating the profits.
Recently theres a strong price drop from $100k plus level and drop to almost $96k instantly they swiping all who hold on long position. Meaning it is a sign that BTC will rise again I am targeting that the price might touch to around $120k it might happen this coming next year January.
So having extra to save more BTC is a great choice and hold until next year to gain more profit.
At the time of Bitcoin reaching the highs of $104k, the market faced a quick drop to the lows of around $90k. This I'll say is a quick correction, though, the news of Huge Bitcoin sales made this market drop. I think this was a quick profit taker, waiting for the next new ATH.
2025 has lots of new things for the entire crypto enthusiasts, industry and investors.