Bitcoin (BTC) May Trade at $150,000 at Its Peak in the Next Bull Run, Analyst Predicts

While cryptocurrency prices have faltered in recent weeks, analysts are keeping their eyes peeled for the light at the end of the tunnel: a resurgence at the start of a fresh bull run.

As cryptocurrency prices continue to fluctuate, analysts are anticipating a potential bull run on the horizon. With Bitcoin (BTC) prices dipping below $60K in early July, several altcoins have also faced a downturn. Shiba Inu (SHIB) prices fell by nearly double digits, while AVAX, LINK, and DOT also encountered headwinds.

However, some analysts remain optimistic, predicting that a bull run could propel global market capitalizations to new heights. Wizard Crypto, an analyst, shared their predictions on X (formerly Twitter), suggesting that BTC could reach highs of $150,000 at the peak of the next bull run.

This aligns with a recent prediction by Standard Chartered, which anticipates that Bitcoin's halving, interest from institutional investors, and approval of exchange-traded funds could lead to highs of $150K. According to the report, Standard Chartered suggests that BTC could reach this milestone by the end of 2024, paving the way for prices of $250,000 by 2025.

"As we approach the US election, I expect $100K to be reached and then $150K by year-end in the case of a Trump victory,” said Geoffrey Kendrick, Standard Chartered’s digital assets research head.

Wizard Crypto's predictions also suggest a correlation in price movements, indicating that a rise in fortunes for BTC is expected to spill over and positively impact other cryptocurrencies in the ecosystem. Among their predictions, they anticipate that Ethereum (ETH) will more than double its current valuation to reach $10,000, while BNB is expected to reach $1,500.

Solana (SOL), buoyed by rumors of an ETF, could reach a peak of $500 at the height of the bull run, according to Wizard Crypto's predictions. Dogecoin (DOGE) is expected to reach the $3 mark, while FLOKI, XRP, and MATIC are predicted to trade at $0.005, $3, and $8, respectively.

Notably, Wizard Crypto predicts a 1,600% gain for Shiba Inu (SHIB), touting the meme coin to gain as much as 1,600% in the next bull run cycle. If this prediction holds true, SHIB will trade at $0.003 by the end of the rally, a significant increase from its current levels of $0.00001.

With a 1,600% gain, SHIB will reach a market capitalization of $144 billion, placing it back among the top 10 largest cryptocurrencies.

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