Bitcoin's recent surge in value has led some experts to speculate that the current bull cycle could propel BTC to soar between $100,000 and $250,000. This optimism stems from factors such as increased trading activity during the Lunar New Year, boosted liquidity from Bitcoin exchange-traded funds (ETFs), and anticipation of potentially lower Federal Reserve rates. Additionally, the upcoming "halving" event in April 2024, which will reduce the production of new Bitcoins, contributes to this bullish outlook. However, uncertainties persist due to the speculative nature of the cryptocurrency market, environmental concerns regarding Bitcoin mining, and potential regulatory challenges. Despite these factors, Bitcoin's fundamental value proposition as a decentralised alternative to traditional currency remains strong, fueling optimism about its future potential.