BITCOIN Is 150k by August realistic?

Bitcoin (BTCUSD) started to rise again, which is very natural as it almost completed a -25% correction (normal during Bull Cycles) and closed yesterday above the 1D MA50 after two straight rejections.

The situation couldn't look better on the long-term charts as well, namely on 1W where it is at a cyclical stage (ellipse on the chart) where during past Cycles it started its most aggressive rally.

As you can see, BTC rebounded on the EMA Ribbon, after making a new All Time High (ATH) while also recovering the Mayer Multiple SD1 from above (grey trend-line). When those parameters got met in the past, Bitcoin always touched at least the MMB SD2 from above (orange trend-line).

Based on that, the next Target on this run is $150000. Do you think that would be realistic as early as the end of August? Feel free to let us know in the comments section below!


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