Quotations or conviction: BTC at $200K–250K within the year.
Standard Chartered and Shengbo keep their price expectations for the year-end $BTC unchanged at 150K and 100K, respectively; while TomLee anticipates a $200–250K target within the year (highest if traded OTC). After all, he’s just a dead bull.
But in fact, the entire crypto market is indeed in an uptrend, especially now at a critical point for breaking out from the bottom range. BTC is currently hitting resistance around 87K and starting to pull back; the important defense level is 82.8K.
If it can get a valid support at 82.8K, that would indicate the breakout is effective, and the next move would be a consolidation breakout toward 100K. But then again, if the price falls back below 82.8K, it would mean the breakout has failed, and there’s still a possibility of testing the earlier 75.5K level.
Standard Chartered and Shengbo keep their price expectations for the year-end $BTC unchanged at 150K and 100K, respectively; while TomLee anticipates a $200–250K target within the year (highest if traded OTC). After all, he’s just a dead bull.
But in fact, the entire crypto market is indeed in an uptrend, especially now at a critical point for breaking out from the bottom range. BTC is currently hitting resistance around 87K and starting to pull back; the important defense level is 82.8K.
If it can get a valid support at 82.8K, that would indicate the breakout is effective, and the next move would be a consolidation breakout toward 100K. But then again, if the price falls back below 82.8K, it would mean the breakout has failed, and there’s still a possibility of testing the earlier 75.5K level.
