Analyst: The next target price for Bitcoin is $150,000

ChainCatcher news, according to Jinshi reports, Bitcoin has recently seen a slight increase after consolidating from its historical high, but it remains below the key $100,000 mark. Data shows that this cryptocurrency reached an all-time high of $108,379 on December 17.

The supportive stance of the elected President Trump towards cryptocurrencies has propelled the development of the cryptocurrency industry. Since the closing price of Bitcoin was $67,077 on November 5, the day before the presidential election, its price has been on the rise. So far this year, Bitcoin has accumulated a 124% increase. Some analysts expect that the Bitcoin pullback will be brief, with the next target price set at $150,000.