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Crypto Potato 2025-04-20 17:49:02

Dutch Crypto Manager Spies Path For Bitcoin to $150K By October

Dutch Crypto Manager Spies Path For Bitcoin to $150K By October

US tech stocks in the Nasdaq Composite traded down -6.96% for the 1M window ending Apr. 18. But at the time, Bitcoin’s price notched a gain just under 1% for the month’s trades. That’s after a remarkable 4-day, mid-April bounce back to the $85,000 handle from the first bear test as low as $75,000 since BTC soared past that level last November on its way to $109,000 on Jan. 20th. BTC Cup and Handle Indicator Meanwhile, Bitcoin prices on crypto exchanges formed a bullish cup and handle chart pattern on the 1M view. The cup formed over 8 days from Apr. 4 through Apr. 12, with a long 6-day handle through Apr. 18. 24H trade volume peaked at $98 billion on Apr. 7 in the middle of the cup and declined to below $21 billion by Friday, Apr. 18, as in many typical pre-rally markets. 18mo. Support Line for Bitcoin Prices That bullish cup and handle market signal occurred right around a crucial inflection point for Bitcoin’s price along its long-term trend lines. The total market capitalization trend continues to be upwards and is holding a crucial support level for #Crypto . pic.twitter.com/7uaK2IHs54 — Michaël van de Poppe (@CryptoMichNL) April 16, 2025 MN Capital founder Michaël van de Poppe posted on Wednesday: “The total market capitalization trend continues to be upwards and is holding a crucial support level for #Crypto.” The accompanying market chart for BTC displays the downward correction from $109,000 since January, converging with the long-term support trend line for Bitcoin’s price since Q3 2023. $150,000 BTC by October? If BTC markets repeat the July through January rally’s performance while staying above long-term support, its price would top $150,000 by October. That target is in line with other analysts’ expectations. UK mega bank Standard Chartered forecasts $200,000 Bitcoin inside of 2025 and $500,000 by 2029. Popular stock tips website Motley Fool says $200,000 BTC in 2025 is “fairly probable.” BlackRock’s Larry Fink says if something really crazy happens in large hedge funds, markets could face $700,000 BTC. The post Dutch Crypto Manager Spies Path For Bitcoin to $150K By October appeared first on CryptoPotato .

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