A far-flung options trade is betting on Bitcoin hitting $300,000 by June 27, suggesting a 181% upside from current levels.
This trade exceeds most bullish near-term predictions, with Standard Chartered forecasting Bitcoin to reach $120,000 in Q2 and $200,000 by year-end.
On Tuesday, Bitcoin was trading near $107,000, edging towards record highs, boosted by economic tailwinds, corporate interest, and pro-crypto policies.
Despite growing risk appetite in markets, uncertainties remain, with analysts highlighting the need for a catalyst to drive Bitcoin prices higher.