Bitcoin (BTC) Price Predicted to Break Through US$108,000

 The price of Bitcoin is currently stable at around US$108,000, but crypto analysts are beginning to speculate on how high the largest cryptocurrency could rise in the next market cycle.

One of them is Hadley Stern from Marinade Finance, who recently shared his views on the Milkroad podcast.

According to him, the market is too fixated on the psychological figure of US$100,000, and it is time for BTC to permanently break through that barrier. Stern estimates that the highest price of Bitcoin in this cycle could reach US$160,000.

Hadley Stern believes that the US$160,000 target is a reasonable estimate, compared to other extreme projections that reach US$250,000 to US$1 million.

According to him, the crypto market is often stuck at psychological numbers such as US$100,000, similar to the stagnant phase when BTC remained at the US$10,000 level for a long time a few years ago.

This occurs because many traders set emotional thresholds when making buy or sell decisions. Therefore, breaking through this threshold is crucial to unlocking the potential for a new rally.

Stern also noted that as institutional participation grows through Bitcoin ETFs and large-scale purchases by companies like MicroStrategy, demand for Bitcoin will continue to rise.