Experts are discussing current price predictions for Bitcoin, which continues to hover around $100,000. Hadley Stern from Marinade Finance shared his insights on Bitcoin's potential rise.
Hadley Stern's Perspective on Bitcoin
Hadley Stern believes it is time for Bitcoin to break the psychological barrier of $100,000. During the Milkroad podcast, he emphasized that this cycle could see Bitcoin climbing to $160,000 before settling back around $120,000. Stern finds this a realistic target, although other forecasts range from $150,000 to $1 million.
Bitcoin Price Predictions
Stern's forecast is grounded in the positive influence of institutional investors and increased purchasing via ETFs. Approximately 6% of Bitcoin's total supply is currently held by ETFs, which could help push prices higher. He also noted that the market tends to hit psychological price levels like $100,000.
Short-Term Bitcoin Forecasts
Currently, Bitcoin remains within a price range, holding above $107,900. If it manages to rise further, it could test the $130,000 range within this cycle. However, a dip towards the $100,000–$104,000 support area is also possible. If Bitcoin maintains its position above this area, it could lead to a fresh rally.
Discussions surrounding Bitcoin's price continue, and while there are various opinions, the support and stability of Bitcoin's price level can be assessed given current market conditions.
