Day by day, Bitcoin is getting closer towards crossing the $60k range. The pioneer cryptocurrency has grown in popularity over the past years, becoming an extremely valuable asset that often compares itself to Gold. With Elon Musk, and some companies like PayPal and VISA joining the game, it shouldn't be long enough before BTC reaches new heights. Some experts predict that Bitcoin could go as high as $100k by the end of the year. Others predict that Bitcoin will reach $1m within a couple of years from now.
The question is, how fast will Bitcoin reach $100k? Will the ever-rising demand from mainstream companies and institutional investors make Bitcoin reach this goal in less than a year? Or will it take longer? Given that Bitcoin has reached $60k within a year, looks likely it'll reach $100k by the end of 2021. For what I know, everything is just pure speculation. It's always best to reap profits whenever you see the opportunity to do so before it's too late. If you end up waiting for BTC to reach a new ATH, you might lose it all in an instant.
What are your thoughts?
The question is, how fast will Bitcoin reach $100k? Will the ever-rising demand from mainstream companies and institutional investors make Bitcoin reach this goal in less than a year? Or will it take longer? Given that Bitcoin has reached $60k within a year, looks likely it'll reach $100k by the end of 2021. For what I know, everything is just pure speculation. It's always best to reap profits whenever you see the opportunity to do so before it's too late. If you end up waiting for BTC to reach a new ATH, you might lose it all in an instant.
What are your thoughts?
All he says makes a lot of sense, when as much institutional investment is entered, it is very likely that the process of upward trend is faster than normal, when we compare the market in 2017, everything was without much institutional participation and $5k - $6K passed a ATH of $20k, of course, the whales that were at that time, I think they have not yet entered into play, even in this 2021, it is difficult to make comparisons because they are very different moments, with different circumstances.
Everything points out that a large survey can be given at Bitcoin's price, all normal conditions are given in the market, the only thing is that we are at a stage that there is a world pandemic, where it can easily go into panic, seeing it from the point Speculative view of the market, at any time we can see a good bull race, so much that it can reach $80k. I do not do a lot of technical analysis, but according to the way the market comes out sometimes when I study it following the Wyckoff methodology, I see that by eliminating the offer that is now $59K- $60K can achieve high numbers, because They are never priced levels before explored, the idea that it touches the $100k can not be discarded, since many are waiting for it to come there to sell.
Because the last thing we would want is a really quick candle up to $100k, which is a lot more likely to have a big correction compared to having a slow months-long rise up. 