One analyst predicts a $150,000 price tag for Bitcoin by the end of this year, however other indicators point to increased short-term selling.
Bitcoin is soon to enter what one analyst is calling “batshit season,” which could see the price of BTC surge as high as $150,000 by the end of this year — though others suggest a short-term seller overhang could dent the rally.
In an Aug. 26 post to X, RealVision analyst Jamie Coutts said that “unless something has fundamentally changed,” Bitcoin’s (BTC) price action is still on track to enter “batshit season” also known as the Banana Zone, a term coined by RealVision founder Raoul Paul.
In an attached chart, Coutts noted that in the previous two bull cycles, Bitcoin had notched new respective all-time highs in the 365 days following local US dollar Index peaks.
