Bitcoin Price May Surge 37% to $150,000 as Corporate Buying Intensifies

Bitcoin, the world's largest cryptocurrency by market capitalization, has been trading in a tight range near $108,000, oscillating between $100,000 and $110,000 for several weeks. However, according to a recent market update, the TechnicalRoundup co-host, DonAlt, sees signs that momentum is shifting in favor of the bulls. This shift is largely attributed to the large-scale buying from companies that hold Bitcoin, which may overpower the ongoing sell pressure from early investors.

DonAlt highlighted that treasury-rich firms such as MicroStrategy, Tesla, and Semler Scientific continue to accumulate Bitcoin, which could drive the price towards the $140,000–$150,000 zone. He acknowledged that macroeconomic shifts could derail this trajectory, but under current conditions, he expects buyers to push the price higher.

If Bitcoin manages to break out of its current range, DonAlt suggests that it could go even higher. However, he cautioned that a sharp turn in market sentiment could lead to a steep drop. For now, Bitcoin remains steady, with a slight increase over the past 24 hours. With corporate appetite growing, some analysts see a breakout as a matter of when, not if.

According to the analyst's forecast, the price of Bitcoin could reach as high as $150,000 as corporate demand continues to build. This forecast is based on the current trend of large-scale buying from companies that hold Bitcoin, which is expected to overpower the sell pressure from early investors. However, it is important to note that this is a forecast and not a guarantee of future performance.