Cryptocurrency analyst Crypto Lens predicted this Bitcoin price It could rise to a new all-time high (ATH) of $150,000. This came as he outlined four scenarios that would see this rise to a new ATH by next year.
Bitcoin price will continue to rise to $150,000 amid these four scenarios
in Share XCrypto Lens predicted that the price of Bitcoin will rise to $150,000 by February next year. This came when he pointed out that Bitcoin is now hovering at the exact level where every bull trap ends. The analyst stated that next week, another bearish rejection will take BTC back to $43,000. A rise to $150,000 and a fall to $43,000 are among the scenarios he outlined for Bitcoin.
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In the first scenario, Crypto Lens predicted that the price of Bitcoin would fall to $48,000 within a few days. This will be followed by a drop to $43,000 in July, which is the second scenario. In the third scenario, the analyst expects Bitcoin to fall to $32,000 by September. He described this level as a buy zone, indicating that the leading cryptocurrencies are likely to bottom out here This bear cycle.
Meanwhile, under the fourth scenario, Crypto Lens predicts that the price of Bitcoin will rise to $150,000 by February as a new bullish wave begins. In another Share XThe analyst said that the bear market is 53% over and that BTC has entered the final phase of the 2026 bear market. He also noted that the bottom of the cycle will likely occur between August and September, with Bitcoin falling to as low as $32,000.
BTC bottom is likely to form in Q4
in Share XCryptocurrency analyst Colin said that a Q4 bottom for the Bitcoin price is more likely now that Bitcoin has no price Strong decline Immediately. The analyst was referring to market expert Benjamin Cowen’s assessment, in which he noted that BTC closed the week above the 200W simple moving average after sweeping the February lows at $60,000.
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Colin stated that based on this Bitcoin price movementBTC is likely to bounce for one to three months and then fall to a new low in the fourth quarter. As such, Q4 has high odds of being the bottom of the cycle, with a lower bottom. However, he added that if Bitcoin price suddenly drops below the 200-week moving average in the next week or two, it will likely form a bottom with this downward move.
At the time of writing, Bitcoin is trading at around $61,200, down more than 3% over the past 24 hours, according to Data From Coin Market Cap.
Featured image from Pixabay, chart from Tradingview.com
