Bitcoin could hit $150,000 by the end of 2024

Jamie Coutts, chief crypto analyst at Real Vision, said that "unless something fundamental changes," Bitcoin's price action is still expected to enter a "crazy season," also known as the "banana zone," a term coined by Real Vision founder Raoul Pal to refer to a debt refinancing cycle driven by macroeconomic forces that affects all asset prices, but cryptocurrencies are particularly prominent. Coutts pointed out that in the previous two bull cycles, Bitcoin hit new all-time highs within 365 days of the local dollar index peak. He suggested that if Bitcoin follows the previous bull market pattern, its price could rise more than 100% from its current level to $150,000 by the end of 2024.