Bitcoin Is On Potential Path Towards $100k | CryptoGazette
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There are all kinds of optimistic predictions about Bitcoin being able to get back on track towards hitting $100k. This is one of the most popular optimistic predictions about the price of Bitcoin.
An important crypto analyst and trader just said that Bitcoin (BTC) could be on a potential path to $100,000. This could happen relatively soon, according to him.
In 2019, the analyst known as Dave the Wave dropped a possible price path to $100,000 BTC.
“Say BTC were to reach $100,000 in the next few years. Currently has reached over 30% [yes, you read that right] but only in 10% of the time. In this scenario, a decent correction would make a lot of sense.”
After two and a half years, the analyst updated his chart with today’s prices, and it appears to be following suit.
As the online publication the Daily Hodl notes, zooming in a bit further, the crypto analyst also said that BTC appears to have broken out of a tight descending channel.
“Price strong here. Can we see some follow through over the next few days, for a convincing change of trend though?”
More optimistic price predictions for Bitcoin
It’s been revealed earlier today, that an important strategist predicts there will be a parabolic rally for Bitcoin amid BTC’s strong bounce over the last few days.
In a new strategy session, the popular pseudonymous trader Credible explained that Bitcoin might be in the midst of a high timeframe reversal.
He also explained that if a major reversal is actually underway, Bitcoin will go through strong rallies with little to no pullback.
“It’s not easy to tell where we started a new impulse until it’s already very, very apparent. And what I mean by that is we get a small impulse, we get a small consolidation. We get another small impulse ($47,000). We get some consolidation.”
You should check out our previous article in order to learn more about the price predictions for the king coin.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $43,963.
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