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GET READY FOR THE MOST EPIC $150K FLYBY IN HISTORY: Experts Predict Batshit Season Will Finally Arrive (But Don’t Say We Didn’t Warn You)

BitcoinCrypto NewsFeatured 2 Doug Martinez August 27, 2024

A stylised illustration of a rollercoaster track rising sharply into the sky with a large price tag attached to it reading $150k in bold numbers. In the background, a subtle image of a bat is seen flying away from the chaos below.

It’s Batshit Season Again! Or is it? The eternal question on the lips of crypto enthusiasts everywhere – will this be the time when their precious BTC finally reaches $150K or not. Jamie Coutts thinks so, and Raoul Pal coined a fancy term for it: ‘Batshit season’ (or Banana Zone). Because what’s more bananas than throwing money at something that has no inherent value? But wait! XBTManager is like the crypto version of Scrooge McDuck – he sees all sorts of potential selling pressure lurking beneath the surface. Large short-term sellers have become active, and stagnant metrics are showing signs of life (or death). So there you have it: two opposing views on what’s to come for BTC prices. One thinks we’re in a bull market, the other that we’re heading straight into a bear trap. I’ll say this much – if anyone tells me they made money from crypto and didn’t lose their shirt along the way, I’ll call them out as a liar.

Source: cointelegraph

Bitcoin poised for $150K ‘batshit season’ but sellers could dent rally
https://cointelegraph.com/news/bitcoin-entering-batshit-season-banana-zone-says-analyst
Bitcoin will soon enter what one analyst is calling “batshit season,” which could see the price of BTC surge as high as $150,000 by the end of 2024 — but others suggest a short-term seller overhang could dent the rally.  In an Aug. 26 X post, Real Vision analyst Jamie Coutts said that “unless something has fundamentally changed,” Bitcoin (BTC) price action is still on track to enter “batshit season,” […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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