Analyst Forecast: BTC May Reach $150,000 to $200,000 in This Round, Current Market Mainly Focused on $112,000 to $130,000 Price Range
On August 19, according to analysts at Wall Street brokerage Bernstein, driven by support from U.S. policies and an increase in institutional adoption, this round of the cryptocurrency bull market may continue until 2027, with BTC expected to possibly reach $150,000 to $200,000 within the next year.
Analysts believe that as the bull market develops, its impact is expected to extend beyond Bitcoin to multiple areas, including Ethereum, Solana, and DeFi tokens. This expansion will also drive capital inflow to trading platforms and stablecoin issuers, further increasing market liquidity.
In addition, Bernstein has raised the target stock prices for Coinbase, Robinhood, and Circle to $510, $160, and $230 respectively, pointing out that these companies have long-term growth potential in terms of trading volume growth, product expansion, and stablecoin supply.
On the same day, another report from the Greeks.Live Chinese community indicated that current market traders have differing opinions on Bitcoin's trend. Some traders believe BTC may dip again, while others anticipate a price rebound after a long position liquidation.
Meanwhile, the market is mainly focused on the price range of $112,000 to $130,000, and market traders are generally adopting a double sell strategy to cope with price fluctuations.
From a technical analysis perspective, BTC's current price is still fluctuating within the range, and it may pull back to the range of $125,000 to $130,000.
In terms of options strategy, traders are generally executing a double sell strategy within the Bitcoin price range of $112,000 to $120,000 and waiting for further sell signals to confirm their trading decisions.
In summary, although there are differing opinions on Bitcoin's trend in the market, the growth potential and trading activity of the cryptocurrency market in this round remain strong.
At the same time, investors and traders are closely monitoring key price ranges and market signals in hopes of finding suitable entry opportunities amid upcoming market fluctuations.
