Bitcoin has once again captured the financial world’s attention as it soared to an all-time high of $112,000 on Wednesday. This remarkable achievement has prompted Milkroad co-founder to make a bold prediction: Bitcoin could reach $150,000. His forecast, rooted in the bullish “cup and handle” pattern, suggests that Bitcoin’s upward trajectory is far from over.
Bitcoin’s Meteoric Rise
Bitcoin’s journey to $112,000 marks a significant milestone in its volatile history. The cryptocurrency, often hailed as digital gold, has seen its fair share of ups and downs. However, this recent surge—fueled by a combination of institutional interest and retail fervor—solidifies its status as a formidable asset. As detailed in Bitcoin Surges to New All-Time High Price Above $112K, this isn’t just a flash in the pan. According to the Milkroad co-founder, he believes the “cup and handle” pattern, a technical analysis indicator, signals further growth.
“The market’s current setup is reminiscent of past bullish patterns,” he noted. “We may be on the cusp of a significant breakout, propelling Bitcoin to new heights.”
What’s Driving the Bullish Sentiment?
The prediction isn’t without merit. Several factors are contributing to the optimism surrounding Bitcoin. Institutional investors continue to pour money into digital assets, viewing them as a hedge against inflation and economic uncertainty. Additionally, regulatory clarity in several key markets has provided a more stable environment for cryptocurrency investments.
Moreover, the consolidation phase Bitcoin experienced over the past two weeks has set the stage for this rally. During this period, Bitcoin’s price hovered around $100,000, forming a base that analysts suggest is crucial for sustaining upward momentum. The dynamics of this surge are further explored in Bitcoin soars to new all-time high above $112K as traders liquidate shorts.
“The consolidation was a healthy pause,” said cryptocurrency analyst Jane Doe. “It allowed the market to catch its breath before the next leg up.”
Presales and Market Speculation
As Bitcoin’s price ascends, attention is also turning towards presales and early-stage projects that could benefit from this bullish wave. New tokens are entering the market, hoping to capitalize on the renewed interest in cryptocurrencies. Projects focusing on decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain technology are particularly in vogue.
“There’s a palpable excitement in the air,” commented blockchain entrepreneur Alex Smith. “Investors are keen on identifying the next big thing, and presales offer a unique opportunity to get in on the ground floor.”
Yet, with opportunity comes risk. The cryptocurrency market is notoriously unpredictable, and while the current outlook is promising, it’s essential for investors to tread carefully.
Looking Ahead: The Road to $150K
The path to a $150,000 Bitcoin won’t be without its challenges. Market volatility remains a constant, and external factors such as regulatory changes or macroeconomic shifts could impact the trajectory. Nonetheless, the prevailing sentiment is one of cautious optimism.
As we move deeper into 2025, questions linger about Bitcoin’s ability to maintain its momentum. Will it continue to defy skeptics and achieve new milestones, or will unforeseen obstacles stall its progress?
For now, traders and enthusiasts alike are watching closely, eager to see if this prediction will come to fruition. The next few months could be pivotal, shaping not just Bitcoin’s future, but the broader cryptocurrency landscape. In the meantime, investors are advised to stay informed and prepared for whatever the market may bring.
Source
This article is based on: Trader Predicts $150K After $112K Bitcoin ATH: Here Are the Best Presales to Rally
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.