Can Bitcoin replicate the 2020 bull market glory? Analysts are optimistic about a $150,000 target

Question

【Crypto World】 Recently, an analyst pointed out an interesting phenomenon — Bitcoin's price chart looks increasingly like a replica of the 2020-2021 bull market cycle. If history truly repeats itself, based on the previous growth logic, Bitcoin could potentially break through the key level of $150,000 in the next rally. Of course, this is just a technical comparison based on historical cycles; the actual market trend will still be influenced by various factors — macroeconomic environment, policy changes, market liquidity, and more. However, from a cyclical perspective, this view indeed provides traders with a reference framework. Whether the market can develop as expected remains to be seen through subsequent price performance.

FOMOSapien · Accepted Answer

Another $150,000? How lucky would it be if history repeats itself haha

MetaverseLandlord · Answer

150,000? Hearing about history repeating itself sounds comfortable, but macroeconomic matters are really hard to predict.

ForkLibertarian · Answer

$150,000? Dream on... The idea of historical cycles is something people talk about every year, and each time it manages to fool a new batch of newcomers.

LiquidationWatcher · Answer

150,000? Just hear it out. History never repeats itself exactly. Can the macro environment be the same this time?

PessimisticOracle · Answer

It's the same old story of history repeating itself. Why am I not so optimistic? Can 150,000 really be reached? That would mean how many mouse heads would have to go bankrupt...

ContractTearjerker · Answer

I've heard the saying that history repeats itself too many times, always claiming 150,000... Let's wait until the spot ETF actually sees significant volume before hyping it up.

ProveMyZK · Answer

$150,000? Haha, history always loves to deceive us. Let's wait and see.

The cycle is coming again. This time, can we avoid replaying the disaster scene of 2021?

Honestly, the cycle theory is sometimes just armchair analysis; when the crash actually happens, we're caught off guard.

Cycle replication sounds exciting, but a macro shift can wipe everything out. It still depends on the Federal Reserve's stance.

The number $150,000 sounds nice, but the wallet is crying.

NFTFreezer · Answer

150,000? Haha, do historical cycles really work that accurately? That's what was said last time too.

Can Bitcoin replicate the 2020 bull market glory? Analysts are optimistic about a $150,000 target

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