Bitcoin Price Prediction: $150K by March? The Race for Bitcoin as a Strategic Reserve Heats Up in the U.S.

The race for Bitcoin as a strategic reserve is heating up in the U.S., while central banks are quietly positioning themselves in the market.

Bitcoin price has surged past a key resistance level for the first time ever, sparking speculation that the next target could be $150,000. Several factors, including government adoption, central bank interest, and a supply shock, are converging to create the perfect storm for a Bitcoin bull run.

Bitcoin Price Forms $100,000 Resistance for First Time Ever

After breaking through the psychological barrier of $100,000, Bitcoin price has surged past a key resistance level for the first time ever. BTC price is now trading above $105,000, signaling strong institutional demand and bullish momentum.

If this level holds, Bitcoin could be set for a parabolic move toward $150,000 and beyond. A recent prediction by DeepSeek AI suggests that Bitcoin could reach $150,000 by the end of Q1 2025. Similarly, CoinCodex’s own algorithm predicts that Bitcoin will surpass $140,000 by the end of March, aligning with the broader bullish sentiment in the market.

Bitcoin price hit a new all-time high of $105,000 on Monday morning as the rally showed no signs of slowing down. If Bitcoin maintains its momentum above $100,000, this scenario could play out even sooner than expected.

Illinois Joins the Bitcoin Strategic Reserve Movement (Again)

The U.S. state of Illinois is considering a bill that would allow it to establish a Bitcoin strategic reserve, similar to gold reserves held by national and state treasuries. This move aligns with a growing trend among U.S. states embracing Bitcoin as a hedge against inflation and financial instability.

The bill, introduced by State Representative Patrick Windhorst, would require the state treasurer to allocate up to 5% of the state’s working cash fund to Bitcoin. The fund is currently valued at $22 billion, which means that up to $1.1 billion could be invested in BTC.

This is not the first time that Illinois has considered using Bitcoin as a strategic reserve asset. In 2021, a bill was introduced that would have required the state to allocate 2% of its general revenue fund to Bitcoin. However, the bill was ultimately vetoed by Governor J.B. Pritzker.

With multiple states backing Bitcoin as a financial reserve, the U.S. could be laying the groundwork for a national-level adoption of BTC as a reserve asset. This could drive massive institutional demand and fuel Bitcoin’s next parabolic price move.

Central Banks Quietly Accumulating Bitcoin? (Despite Skepticism)

While U.S. states move toward Bitcoin reserves, central banks are also exploring BTC acquisitions, despite official skepticism from institutions like the European Central Bank (ECB).

Norway’s Central Bank indirectly holds Bitcoin by investing in MicroStrategy, a company led by Michael Saylor that has acquired over 471,000 BTC. The Governor of the Czech National Bank has openly expressed interest in adding Bitcoin to the country’s foreign reserves. His stance challenges the traditional banking narrative that Bitcoin is merely speculative.

Meanwhile, the ECB remains opposed to Bitcoin as a reserve asset. ECB President Christine Lagarde recently dismissed the idea, responding to the Czech Republic’s proposal with a firm “no.”

But could this resistance to Bitcoin be a strategic mistake for the EU? If the U.S. leads the way in adopting Bitcoin as a reserve asset, Europe may find itself left behind in a new financial paradigm.