Will Bitcoin Hit $150,000 by Year’s End? Experts Offer Cautious Outlook

Bitcoin has surged past its previous record high, reaching nearly $112,000, fueling hopes for a further climb to $150,000 by year-end. However, analysts point to potential obstacles in the path of this optimistic target. 2021’s bearish divergence pattern on the weekly chart indicates a 50% correction to around $64,000 is possible, according to Peter Brandt, a veteran trader. A breakdown below $100,800 could exacerbate the correction and potentially hinder Bitcoin’s progress towards its target.