Bitcoin (BTC) price could gain another 150% during the current bull market cycle, according to Acheron Trading CEO Laurent Benayoun's prediction. Benayoun predicts $180,000, a potential cycle top for BTC price. This prediction is based on new supply reductions due to spot Bitcoin exchange-traded funds (ETFs) and the upcoming Bitcoin halving.

Benayoun explained: "If we look at historical performance, each cycle the multiple falls relative to the all-time low. If we apply that logic, it could be 2x to 3x of what we saw in previous cycles, which is about $120,000 to $180,000 per unit."

The improvement of financial policy in the US will also contribute to Bitcoin's increase in value. According to Benayoun, "The market is pricing in that interest rates will go down because they're flattening out."

Benayoun's prediction is consistent with several other predictions. For example, Bitfinex analysts predict that the price will reach $120,000 by the end of 2024. Bernstein, on the other hand, predicts that Bitcoin will rise to $150,000 in mid-2025.

More ambitious targets predict that the Bitcoin price will reach $337,000 in a bull scenario. Bitcoin analyst and CMCC Crest managing partner Willy Woo wrote on "The market is still early, equivalent to last cycle's $20,000."

Finally, seven-figure price targets are also revealed. One of the most well-known is by Ark Invest's Cathie Wood, who thinks a $1 million Bitcoin price by 2030 is too conservative.

On March 25, Bitcoin broke above the $70,000 mark for the first time in 10 days. BTC price is trading near $70,800, up 6.3% on the weekly chart.

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