[Analysis] "Bitcoin Could Reach Up to $150,000 in This Bull Market"

An analysis suggests that Bitcoin (BTC) could reach up to $150,000 in this bull market.

On the 23rd (local time), James Check, the chief analyst at Glassnode, appeared on a podcast and stated, "If it goes above $150,000, it should be considered a speculative frenzy, and if it goes beyond that, the price is expected to plummet quickly," he said.

He mentioned, "The current graph resembles the pattern seen during 2016-2017," and added, "If my prediction is correct, the current uptrend will continue until May."

Meanwhile, Bitcoin is trading at around $104,400 on the Binance Tether (USDT) market, up approximately 2.4% from the previous day.