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See you at $150K,’ says Bitcoin bull after BTC taps new highs Economist Timothy Peterson said that if Bitcoin hadn’t reclaimed its all-time high, the market might have had to wait until October for the next opportunity. Bitcoin could be heading to $150,000 after spiking to a new all-time high of $112,000 on Wednesday, according to a Bitcoin bull. “See you at $150k,” Milk Road co-founder Kyle Reidhead said in an X post on Wednesday, referencing a previous post in late June showing a “bullish cup and handle” formation that he said will push Bitcoin BTC $110,970 to $150,000. The optimism follows two weeks of tight consolidation, which saw many analysts concerned Bitcoin may not have the strength to pass its former record high in May. Bitcoin’s much-needed boost The new all-time high appears to have come at good timing. Just hours before Bitcoin’s new high, economist Timothy Peterson told Cointelegraph that if Bitcoin doesn’t hit new highs within the next two weeks, the asset likely won’t be able to come close until October. Market sentiment is increasing, too. The Crypto Fear & Greed Index, which measures overall crypto market sentiment, spiked 5 points to a “Greed” score of 71 out of 100. Meanwhile, the CoinMarketCap Altcoin Season Index signals the market is still heavily favoring Bitcoin, with a “Bitcoin Season” score of 26 out of 100. From a technical standpoint, Bitcoin appears to have broken out of its recent downtrend, according to crypto analyst Matthew Hyland. “BTC confirms daily higher-high and confirms an end to the downtrend that started in late May,” Hyland said in a post on Wednesday. #BTCBreaksATH #BinanceTurns8 #SECETFApproval

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