TechFlow news, on January 22, according to Cointelegraph, Luke Gromen, macro researcher and founder of FFTT, said that without a major catalyst, institutional investors are unlikely to push Bitcoin's price to $150,000 this year.
Gromen noted on the latest episode of Coin Stories: "Institutional investors won't act this way—they will choose to wait." He believes it would take "a lot of effort" for Bitcoin to rise from its current level of around $90,000 to $150,000. Gromen also mentioned that factors such as trade wars, U.S. isolation from the world, or an economic recession could trigger a significant Bitcoin sell-off, potentially driving the price down to $60,000.
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