With Bitcoin (BTC) back above the critical price level at $60,000, several finance experts have offered their views on the next target for the flagship decentralized finance (DeFi) asset, which sees it hitting $150,000 in the long run, as recently reiterated by the $800 billion bank Standard Chartered.
As it happens, cryptocurrency investor and host Scott Melker, commodities specialist Mike McGlone, CoinRoutes chairman Dave Weisberger, and managing partner at the Bitcoin Opportunity Fund James Lavish, sat for an episode of Melker’s ‘The Wolf of All Streets’ streamed on May 6.
Discussing the potential Bitcoin target at $150,000, Melker argued that the maiden crypto asset could, indeed, hit this price, adding that the macro thought would suggest that $150,000 might be a really high target, but the “rational thought says ‘screw this, it could go higher.’”
7-day Bitcoin price chart. Source: Finbold
As a reminder, Bitcoin’s recent rally past the $60,000 price level marked a significant recovery from its drop below the $57,000 zone ahead of the recent Federal Open Market Committee (FOMC) meeting, signaling the possible end of the post-halving ‘danger zone.’
That said, things in this market can sometimes change suddenly, so making any specific Bitcoin price prediction is difficult, regardless of the technical analysis (TA) indicators and experts’ views, therefore doing one’s own research and weighing personal risks is critical.
Watch the entire video below:
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
