Why this expert is predicting a $300,000 Bitcoin?

Bitcoin Will Need to Break Past $150,000

After nearly reaching $124,500 in August, the Bitcoin (BTC) price has since undergone a significant correction. However, a renowned crypto analyst believes the bullish potential is far from exhausted. On the contrary, he is convinced that Bitcoin could even reach historic highs of $300,000 in the relatively near future.

According to analyst Zynx, Bitcoin must first surpass the $150,000 level to remain competitive with gold. The precious metal recently established a new record by exceeding $3,800 per ounce.

In the short term, the analyst is confident and predicts that Bitcoin will reach $151,000 in the next six months, representing a gain of approximately 32% from the current price of $114,000.

Other analysts share this optimism. Mikybull, for instance, compares Bitcoin’s evolution to gold’s performance in the 1970s and targets a price objective between $150,000 and $200,000.

Promising Historical Patterns

It’s not just individual analysts who see bullish potential for Bitcoin. Researchers from XWIN Research Japan have also identified encouraging historical patterns.

According to them, during interest rate cuts, capital first flows toward gold and stocks before shifting to Bitcoin. This explains why BTC often lags initially but then begins a strong upward correction.

This is exactly what happened in 2020 and 2021. In the 30 days following a new all-time high in the stock market, Bitcoin gained an average of 12%. After 90 days, this increase reached 35%. XWIN believes this scenario could repeat itself.

However, much will depend on the monetary policy of the U.S. Federal Reserve (Fed). Its chairman, Jerome Powell, recently warned that inflation remains elevated. If rate cuts are delayed, this could slow the progress of gold and stocks. Without this broader market momentum, the path to $300,000 for Bitcoin could be more challenging.

In conclusion, although the journey won’t be without obstacles, many signals encourage optimism regarding Bitcoin’s potential in the medium and long term. Crypto analysts see this cryptocurrency as a prime investment opportunity, despite the current volatility.

How to Buy Bitcoin on Bitget?

Bitcoin is currently trading around $114,000. Take advantage of this consolidation to accumulate before a potential rally toward $150,000 and beyond, and don’t miss the next step toward new all-time highs!

1. Create an account
   • Sign up on Bitget and complete the KYC verification.
2. Deposit funds
   • Credit card, SEPA transfer, or crypto (USDT).
3. Buy BTC
   • Go to “Buy Crypto,” select BTC, enter the amount, and confirm.
4. Secure your BTC
   • Activate 2FA or transfer to an external wallet.

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