Wall Street expert Tom Lee is firmly bullish: Bitcoin will rise to $150,000 in the second half of the year

Bitcoin Outlook

1. Wall Street is bullish on Bitcoin: Fundstrat predicts Bitcoin will climb to $150,000 this year.
2. Short-term downturn: Analysts note that the third quarter is typically a poorer period for Bitcoin.

Q2 Review

3. Bitcoin underperforms: Down more than 11%, struggling at the $60,000 level.
4. Ethereum outperforms: Boosted by ETFs, but still down around 5%.
5. Other cryptocurrencies are down: Solana is down 30%, Ripple is down 23%, and Dogecoin is down 42%.

Prospects after Mt.Gox reimbursement

6. Fundstrat expected rebound: Bitcoin will post strong performance after Mt.Gox repayment.
7. Price target $150,000: Over 137% upside from current price.

Q3 Outlook

8. 10X Research predicts decline: Bitcoin has entered a downtrend and could fall to $55,000.
9. Seasonality: The third quarter is typically Bitcoin’s weakest quarter.

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