The post Bitcoin’s road to $3 trillion market cap might be shorter than expected – Here’s why appeared on BitcoinEthereumNews.com.

Fibonacci expansion suggested Bitcoin’s next major target range might lie between $136k and $150k ETFs and Futures must see significant capital inflows to push Bitcoin’s market cap to $3 trillion Bitcoin’s [BTC] journey to the $2 trillion market cap has solidified its position as a dominant force. However, as the asset matures, the question on many investors’ minds is whether Bitcoin can hit the elusive $150,000-level. While the target seems ambitious, data and market indicators suggest it’s within reach – If the right conditions align. Achieving this milestone will require significant capital inflows, driven by factors like institutional adoption, the growing popularity of Bitcoin ETFs, and the expansion of Futures markets. Bitcoin’s price structure – Bullish spikes and consolidation Bitcoin’s price history has been marked by sharp bullish spikes, followed by consolidation periods that often test investor patience. These consolidations, while sometimes seen as “distressing,” are essential phases of market maturity. Historical cycles, including the 2021 and 2023 bull runs, reflect this pattern – Explosive gains followed by months of price stabilization before the next leg up. Source: TradingView The crypto’s price chart highlighted this behavior, showing Bitcoin’s price reaching all-time highs, retracing into accumulation zones, and later resuming its upward trajectory. Notably, the latest hike past $100k followed a similar structure, reinforcing Bitcoin’s long-term bullish framework. As institutional interest grows and ETF adoption expands, these consolidations may become more structured, setting the stage for the next major price expansion toward $150k. Bitcoin – Road to $150,000 Source: Cryptoquant Bitcoin’s Fibonacci expansion from the November 2022 low of $15,450 to the 2024 consolidation near $48,934 seemed to project an upper target range of $136k–$150k. Historically, Bitcoin has respected Fibonacci levels, using them as both resistance and support. This projection aligned with Bitcoin’s press time bullish structure, where price consolidations have…

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Filed under: News - @ February 1, 2025 10:18 am