Bitcoin News Today: Crypto Market Divided Amid Bitcoin's $150,000 Target

Investor sentiment in the cryptocurrency market is currently divided, with some investors expressing caution and believing that the market has reached its peak. Conversely, many bullish investors predict that Bitcoin could reach $150,000 by the fourth quarter of 2025. Despite this optimistic outlook, a significant number of investors are anticipating a market correction before September.

According to the analysis firm, investors are grappling with the decision to maintain aggressive positions or to hedge their existing risks. This uncertainty is making it challenging to determine the market's direction, with key resistance levels such as $175 for SOL, $10,000 for ETH, and $145,000 for BTC being closely monitored.

Traders have recently turned to "risk-shifting" strategies, which involve selling 30-day put options and buying call options with the same maturity. Additionally, small-scale short positions are being opened to hedge against a potential market crash. Volatility, particularly in Ethereum, remains around 70% despite the recent surge, creating a favorable environment for volatility squeeze strategies and base-price-based trading.

While options expiring on Thursday are being actively managed, large positions expiring on Friday are expected to create significant activity in the options market. Bitcoin has shown resilience and set new highs in the first half of 2025, supported by a more favorable macroeconomic environment. A leading crypto analyst predicts that Bitcoin could achieve a market cap on par with gold within the next decade, highlighting its potential for dramatic price increases.

Ethereum's price has surged past $3,400, sparking buzz about an altcoin season. Altcoins such as Solana (SOL), XRP (XRP), and Dogecoin (DOGE) are also experiencing significant gains as the broader cryptocurrency rally continues. Renowned crypto analyst Josh Olszewicz has confirmed the start of the altcoin season, which many traders have been anticipating. Bitcoin Hyper ($HYPER) is currently ranking near the top of ChatGPT's altcoin suggestions for the coming months.