Bitcoin recently repeatedly broke through the $110,000 barrier and according to analysts could continue up to the $150,000 level. As Finbold magazine points out, expert TradingShot on the TradingView platform stated that the latest growth has invalidated several negative signals. Specifically, he mentions breaking through important resistance and confirming support, which creates conditions for further growth of up to 101%.

Bitcoin Could Reach $150,000, Expert Claims

The key moment was the bounce from the lower high of the trend line within a three-year growth channel. A similar technical formation in the past led to significant price explosions. Importantly, the bounce occurred precisely when Bitcoin reached the 50-week moving average. This erased the possibility of forming a falling “head and shoulders” pattern and strengthened positive market sentiment.

TradingShot claims that similar price development has repeated three times in this growth channel, always leading to at least 101% growth. If history were to repeat itself, the target would be precisely the $150,000 value.

Although the outlook is optimistic, some analysts expect a short consolidation. Michaël van de Poppe considers the level between $107,000 to $108,000 as the ideal band for market entry before further growth. A temporary slowdown is therefore expected, which could represent an opportunity for investors.

BTC Strengthens Thanks to Demand and ETF Funds

One of the main reasons for growth is demand for spot ETFs, as data from Glassnode shows. They currently manage more than $120 billion, which testifies that Bitcoin is now considered an established asset, not just a speculative instrument.

Spot ETFs are pushing Bitcoin’s price up because they allow traditional investors to easily gain exposure to BTC without needing to own the cryptocurrencies themselves. This brings new capital to the market from institutions, pension funds, and retail investors who previously hesitated.

These ETFs buy real Bitcoin, creating real demand and reducing available supply. The combination of growing interest and limited Bitcoin quantity leads to price growth. Moreover, regulated ETFs strengthen confidence in cryptocurrencies as a legitimate asset class, further supporting adoption and long-term price growth.