Bitcoin price $150K target comes as analyst sees weeks to all-time highs
Bitcoin is showing a potential for significant price expansion, with analysts predicting a target of $150,000 in the near future based on the NVT leading indicator. According to CryptoQuant, Bitcoin's price can easily return to an upward trend following the NVT golden cross, which has historically signaled major price increases. Current analyses indicate that Bitcoin remains in a healthy uptrend and is not yet overvalued. The NVT-GC tool suggests that while the market is neutral, previous signals in the ‘long’ zone have led to price gains. Analyst Axel Adler Jr. predicts that price changes could occur by October, particularly if Bitcoin consolidates between current levels and is poised to push towards all-time highs. Other experts, like contributor Pelin Ay, suggest that the price target could realistically reach between $120,000 and $150,000 as the market transitions into the fourth quarter. Overall, signs indicate that the Bitcoin bull market is far from over, setting the stage for potential rapid gains.
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