While Bitcoin continues to hover around the $ 100,000 mark, experts debate the height of this cycle. Hadley Stern of Marinade Finance recently shared his thoughts, saying that he was tired of the constant threshing media around $ 100,000 and thinks it is time for Bitcoin to exceed him for good.
On the Milkroad podcast, Stern said that this cycle could see Bitcoin climbing up to $ 160,000 before ending up with about $ 120,000. While some consider this to be a conservative estimate, given other predictions ranging from $ 150,000 to $ 250,000, and even extreme calls from $ 500,000 to $ 1 million, Stern thinks that it is a realistic target.
“I still think $ 160,000 would be an excellent summit for this cycle,” he said, stressing that the market tends to get stuck at psychological price levels like $ 100,000, a bit like $ 10,000.
He also said that with increasing institutional involvement, in particular through Bitcoin FNB and business buyers such as microstrate, there is a high purchase pressure on the market. About 6% of the total Bitcoin offer is now owned by ETFs, which could help increase prices.
Although he admits that there is always room for surprises and acknowledges that some traders are betting on $ 200,000 or more, Stern considers Stern his goal of $ 160,000 as a balanced estimate.
Bitcoin short -term prediction price
Bitcoin has regularly exchanged in a price range, and the situation has not changed much in the past few days. Cryptocurrency always moves in an upward trend channel, the upper limit acting as resistance.
For the moment, Bitcoin has more than $ 107.9,000. If he manages to push a little above, he could test the region of $ 130,000 in this cycle. However, merchants should be prepared for a possible drop to the $ 100,000 support area to $ 104,000 in upcoming sessions. If Bitcoin remains above this area during a decline, it would be a positive sign for a new gathering.
A deeper drop to $ 91,000 to $ 95,000 is still possible, but not necessary unless Bitcoin is holding its current range.
