CryptoBull: Bitcoin for $ 150,000 by the end of the year is a real option
|Marek Feder|source|5235x
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CryptoBull: Bitcoin for $ 150,000 by the end of the year is a real option

After a truly stormy and extraordinarily profitable January (even in the cryptocurrency world), the craziest predictions are beginning to emerge again. Bitcoin has made great profits for all cryptocurrency enthusiasts, thus entailing many extreme predictions: is it possible that the largest cryptocurrency could sell for as much as $ 152,000?

The BTC recorded a more than 30% increase in the first month of 2020, from $ 6,854 to $ 9,335, with a high of $ 9,574 according to Coinbase. With this performance, January ranked among the most profitable months in the history of cryptocurrencies ever. With more than 30.4%, it ranked 8th, with the highest percentage gain in August 2017, when the bitcoin fired up by an incredible 73.5%. Because of these gains, extreme optimists with the craziest predictions began to emerge again. For example, the well-known crypto-blog CryptoBull thinks that by the end of this year we could see bitcoin attacking $ 152,000. However, bitcoin would only reach this level if it would repeat at least the same profits as we saw in January 2020. “Of course, it's not realistic for bitcoin to make 32% profit every month. However, if you consider a few months in which it would make over 78% and 15% during the others, then we can expect a similar ride as in 2017.” This is the opinion of the popular Twitter profile focusing on cryptocurrencies. Furthermore, it states that bitcoin’s potential lies especially in halving. It has always been followed by huge profits, and that's why many people believe that this will happen again this year or the next. However, this still does not mean that this situation would repeat itself in the third halving and, therefore, it is necessary to be cautious.

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