Bitcoin price to $150K? Here’s what it will take

Key Points

1. Bitcoin's price rally above $120,000 has sparked speculation of a potential rise to $130,000 and $150,000.

2. An inverse head-and-shoulders pattern on the Bitcoin daily chart has a target price of $143,000.

3. Positive market sentiment is fueled by factors such as ETF inflows, institutional interest, and potential regulatory progress in the US.

4. Successive daily closes above $130,000 are needed to confirm a move toward $150,000.

5. Key events like the GENIUS stablecoin bill and Digital Asset Market Clarity Act progressing to a final vote are contributing to bullish sentiment.