Crypto Analyst: $100K Bitcoin ATH By EOY 2021 Is A Realistic Scenario

Bitcoin price may be crashing currently, but the first-ever cryptocurrency is expected to someday reach prices of $100,000 to as much as $1 million per BTC.
According to one crypto analyst, the first of those two numbers is a very “realistic” scenario that could occur as early as the end of the year in 2021.
Bitcoin Price at New ATH, $100K by End of Year 2021
At the height of the 2017 crypto bubble, Bitcoin reached an all-time high price of $20,000 per BTC, and nearly overnight became a household name. But after the turn of the year, the entire crypto market had a major crash, eliminating over 99% of the value from some altcoins, and over 80% of Bitcoin’s value.
Related Reading | Bye-Bye Bull Run: Bitcoin Price Daily Closes Under Vital Moving Average
But Bitcoin always bounces back, and throughout its history, has repeatedly gone through bubble-like cycles where the asset goes parabolic and reaches extreme values before suffering a major collapse and retracement.
The crypto asset has earned itself a negative reputation for being extremely volatile as a result, but if history continues to repeat itself, another bubble cycle could be coming, and one that’ll take Bitcoin to over $100,000 per BTC. But when?

Researcher: Bitcoin is Alive and Well, Price Still in Macro Uptrend
Friday December 06, 2019

Bitcoin owners have had many things to worry about over the past months. For instance, the price of BTC has tumbled by some 50% since June of this year, falling as low as $6,600...

The post Researcher: Bitcoin is Alive and Well, Price Still in Macro Uptrend appeared first on 12bitplay - Bitcoin Play.

BITCOIN (BTC/USD)
Most realistic scenario:
1. Bitcoin will never go below 5.8k again 2. Max. Price until end of 2020 = 14k3. Next ATH will be around 100-110k in Nov/Dec 20214. Correction should put us around [email protected] whats up BigBrotha?#bitcoin #btc #btcusd pic.twitter.com/hsZW9SZuQG
— Roger Quantrillo (@rogerquantrillo) October 2, 2019

Kraken Tempts “Bitcoiners of Nordea” with Crypto Company Employment Options
Thursday December 05, 2019

One of the the longest running crypto asset exchange platforms has tried to tempt employees at the Nordea bank away from the anti-Bitcoin financial institution. Kraken tagged the Northern European giant in a tweet...

The post Kraken Tempts “Bitcoiners of Nordea” with Crypto Company Employment Options appeared first on 12bitplay - Bitcoin Play.

According to a chart shared by crypto analyst Roger Quintrillo, a “realistic scenario” for Bitcoin would be for the asset to reach between $100,000 and $110,000 by the end of the year in 2021. Much like past tops, the analyst expects Bitcoin’s next parabolic rally to top out in November or December of that year.
Using a curved growth line, the analyst’s chart shows the trajectory of how Bitcoin will reach such prices. The curved channel is traced along previous tops and bottoms, potentially providing the analyst with the next top and bottom of the next bubble cycle. With the top being roughly $100,000 per BTC, the analyst sees the correction following that top to take the price down to roughly $30,000 or $40,000 as the next cycle bottom.
Buying BTC During Current Correction Could Bring Over 1,600% Returns
The analyst also shared some additional aspects of what he calls a “realistic scenario” for Bitcoin’s price action over the short-term.
Quantrillo expects Bitcoin price to retrace no deeper than $5,800 during the current correction from the top at $14,000. That $14,000 price level where Bitcoin was rejected from back in June, the analyst says will be the high for the entire 2019.
Related Reading | 50% of Population To Use Bitcoin By 2043 If Crypto Follows Internet Adoption 
With Bitcoin expected to reach prices of $100,000 per BTC within the next two years, the current correction may present the best opportunity for investors to buy Bitcoin ahead of the next parabolic rally. If prices reach Quantrillo’s bottom target of $5,800, and rose all the way to $100,000, it would represent a return of over 1,600% – or to put it bluntly, buying during this correction could be an opportunity of a lifetime.
The post Crypto Analyst: $100K Bitcoin ATH By EOY 2021 Is A Realistic Scenario appeared first on NewsBTC.

Decision Time For Future Of Bitcoin As Crypto Teeters On Bear-Bull Edge
Friday December 06, 2019

After spending the first half of the year in a powerful, parabolic uptrend, Bitcoin price has been suffering from a downward spiral ever since the summer when the first-ever cryptocurrency topped out at $14,000....

The post Decision Time For Future Of Bitcoin As Crypto Teeters On Bear-Bull Edge appeared first on 12bitplay - Bitcoin Play.

You may also like...