Top Bitcoin Price Predictions: Can BTC Reach $150,000 This Year?

Bitcoin hit an all-time high of over $73,000 in mid-March 2024, with predictions it could reach $150,000 by year-end.

Analysts see potential for a BTC rally if it surpasses key resistance levels, with targets around $65,000 to $67,000 to be reached sometime this month.Despite the downfall in the past month, 2024 has so far been quite successful for the primary cryptocurrency, whose price hit an all-time high of over $73,000 in mid-March. Some analysts and prominent figures believe the asset might reach new impressive peaks before the end of 2024, with Tom Lee being one example.

The once-leading platform suspended operations a decade ago and filed for bankruptcy protection. It also lost approximately 850,000 BTC due to hacking and alleged mismanagement. Most recently, the court-appointed trustee overseeing the exchange’s bankruptcy proceedingsdisappear in July, I think it’s a reason to expect a pretty sharp rebound in the second half. So, I think $150K is still within,” Lee said.that Bitcoin’s price could tap $120,000 in 2021.

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