#BTC This year, several Bitcoin forecasts have been made. Veteran trader Peter Brandt predicted that Bitcoin would reach $125,000-$150,000 by the end of August.

Geoffrey Kendrick, head of digital assets at Standard Chartered, who predicted Bitcoin would reach $120,000 by the second quarter, stated his price call was "too low."

As reported, market analyst Willy Woo predicted that Bitcoin could skyrocket to $118,000 if its all-time high were decisively breached.