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Topic: Options traders aim for $100K Bitcoin by the end of 2021, is there a chance? - page 2. (Read 249 times)

sr. member
Activity: 334
Merit: 275
You'd better comment on the article you link to, OP.

All the predictions I have read this year gave a minimum of $100K as the price of Bitcoin this year. I don't know if in the last couple of months any will have changed but most likely not. I guess if we get to November at these prices or the current price drops below $20K some predictions will start to be rethought. For my part I remain bullish in the medium and long term.
All have the good news about El Salvador adopting Bitcoin as legal tender have not had the major impact that people thought it would and Bitcoin has gone down in price since. People making these bold predictions were probably a part of that demographic that thought this would steer us into a more bullish market and making it seem like 100k was not too unrealistic.

They have probably changed their minds now they have seen the opposite reaction to that news.
sr. member
Activity: 2506
Merit: 368
One thing I'm certain is that there will be a $100k price of Bitcoin but it's not going to happen this year. So expect it already that we will see the price in the next halving since every halving there's a bull run. I've already throw the possibility of expecting a price like that within this year. It's been two months already since the last time Bitcoin touch the ATH price and what we see at the market is a continuous fud.

Well, lucky for us the price stayed at $30k+ which is higher enough than the last ATH price on 2017. You guys better stack some Bitcoin if 2024 is approaching but that's kinda too far away from the reality yet. Who knows? Apple might switch to Bitcoin someday just like what the PayPal did.
sr. member
Activity: 2016
Merit: 283
$10K is more realistic.  Wink
are you sure? seems you frustrated waiting for good improvement. Lol  wherein that's why its too easy for you to make a prediction. I agree that 100k is too much and too far to reach by the end of 2021. but perhaps it's impossible as well to plunges on that value which is 10k as it keeps holding the current support level for how many weeks or it's been months i guess. And did you know how many attempts bitcoin trying to break the support? Probably not.. If i were you try to check the graph mate and make speculate it.
legendary
Activity: 1372
Merit: 2017
You'd better comment on the article you link to, OP.

All the predictions I have read this year gave a minimum of $100K as the price of Bitcoin this year. I don't know if in the last couple of months any will have changed but most likely not. I guess if we get to November at these prices or the current price drops below $20K some predictions will start to be rethought. For my part I remain bullish in the medium and long term.
member
Activity: 59
Merit: 12
How realistic is it that a majority of Bitcoin investors are aiming for a $100,000 BTC price by the end of 2021?

Bitcoin (BTC) investors are known for being bullish, and even during 50% corrections like the current one, most analysts remain optimistic. One reason for investors' endless optimism and belief in infinite upside could be BTC's decreasing issuance and the 21 million coins fixed supply limit.

However, not even the most accurate models, including the stock-to-flow (S2F) from analyst Plan B, can predict bear markets, crashes, or FOMO-induced (fear of missing out) pumps. Traders usually misinterpret these concepts as value and price expectations can be easily mistaken.

Bitcoin does not exist in a vacuum, even if BTC maximalists think so. Therefore, its price action heavily depends on how many dollars, euros, and yuans are in circulation and interest rates, real estate, equities, and commodities. Even global economic growth and inflationary expectations impact the risk appetite for people, companies, and mutual funds.

More @ https://cointelegraph.com/news/options-traders-aim-for-100k-bitcoin-by-the-end-of-2021-is-there-a-chance
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