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What will happen if Bitcoin goes to $150k in the near future
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There is enough conversation about Bitcoin being in a “supercycle” doing the rounds in crypto circles. Therefore, despite the recent steep correction, analysts see those gaps closing by year-end. So much so that the anticipation goes beyond the $100k mark that was pegged earlier.
However, Into The Cryptoverse CEO Benjamin Cowen, in a recent interview with Blockworks, expressed nervousness about those price levels. He said,
“Is a trend sustainable if we go up to $150k next month? I don’t think so. “
He explained that a lot of selling pressure, including from the analyst himself, would bring down the market. However, he also added,
“I ultimately do think Bitcoin will hit a million dollars. It’s not going to do it this cycle.”
Explaining further,
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