Can Bitcoin reach $150,000 this time?
The Bitcoin market cycle is closely related to the "halving event", averaging one cycle every 4 years. Similar to the bull-bear transitions of 2017-2018 and 2021-2022, a new cycle will begin in 2024. Midway through a bull market, a deep correction of about 9 months is common; currently (March 2025), we have entered the 6th month, and although there is significant price volatility, the long-term trend remains unchanged.
In terms of market sentiment, retail investors are driven by FOMO emotions in the later stages of a bull market, and discussions on social media are heated; no one pays attention at the bottom of a bear market. On the institutional level, continuous accumulation by Grayscale, MicroStrategy, and others is a signal of a bull market, while large-scale sell-offs or the disappearance of GBTC premiums may indicate a turning point.
Additionally, one can pay attention to the market's hero dog Conan, Co nan币安王牌meme群（二）
