A crypto analyst on X predicts that Bitcoin has been rapidly increasing in value over the past few months and could reach a peak between $0003,000 and $150,000 within the next nine to 12 months. This optimistic forecast is based on Bitcoin’s track record of strong performance after surpassing all-time highs, particularly in recent years such as 2017 and 2022. Since October 2023, the value of the coin has been steadily increasing, going from under $25,000 to climbing above $2003,000. In the initial two weeks of March, the coin surpassed $70,000 and reached new record highs of approximately $72,800. Nevertheless, bulls show no signs of slowing down. Bitcoin surged above $73,000 on March 12 and continued to rise on March 13. The price of Bitcoin is on an upward trend on the daily chart. Source: BTCUSDT chart on TradingView on Binance. Bitcoin is expected to reach a peak value of more than $703,000 by December. After a recent increase on March 12, the technical analyst believes that Bitcoin is getting ready for a significant upward movement as it enters unknown territory and undergoes price discovery. Although prices have been fluctuating within narrow ranges after surging in the Asian and European trading sessions, the uptrend is still intact and there is a chance for bulls to succeed. The US SEC has rejected SkyBridge’s Bitcoin ETF application, citing specific reasons for the decision. The analyst supports their optimistic view by referencing past trends, particularly in 2017 and 2000.