Can Bitcoin Reach $150 Thousand?

Can Bitcoin reach the $150 thousand? US analyst Todd Gordon suggested that Bitcoin could rise to $ 150 thousand.

While Bitcoin's start of a great upward rally in October ignited the price discussions, Todd Gordon, founder of the asset management company Inside Edge, stated that the leading cryptocurrency has a chance to go up to the level of 150 thousand dollars.

"No Resistance Up To $150k..."

Stating that it would be a much better choice for investors to buy cryptocurrencies with a small portion of their portfolio, Gordon said: "Even if we don't have a detailed chart in front of us at the moment, when we imagine an ascending channel from the lows of 2019, we can predict that this trend will continue. There is no resistance around 125,000 to 150 thousand dollars. So yes, it can go up to these levels. But "Still, everyone should buy cryptocurrencies with a very small portion of their investment. 3 percent of my portfolio is in cryptocurrencies. There are really important future-proof cryptocurrencies, including Ethereum, but serious attention should be paid to volatility." Another guest of the program was Gina Sanchez, another expert, CEO and founder of Chantico Global. Stating that the support packages and monetary expansion strategy that the FED continued due to the pandemic crisis, Sanchez used the following statements: "With the economy returning and reviving, the FED will also pull itself back. Support packages and monetary expansion will gradually decrease. All of these will be an obstacle to the rise. One of the most important reasons for the rise we experienced was that FED chairman Powell said that they were not thinking of banning cryptocurrencies. This is important. It was a trigger. But as Todd Gordon said, it's very important to invest with a small portion of the portfolio."