Bounce touch
However, there is still potential for it to smash through this range and even reach, let's say $250,000 or even $500,000, if this bullish market continues. "With all these significant movements, $80,000-$100,000 is a fair trading range. It last sat at $3,865, steady during the last week so far. The second-biggest cryptocurrency, Ether, has also soared more than 400 per cent this year. It was down nearly 15 per cent during the last week at $49,804. It remains about 70 per cent higher for the year and is more than 1,000 per cent higher than its 2020 low of $3,850.īitcoin has been strugglling since hitting a record $64,895.22 in mid-April. I'm not alone in making this price prediction as Gordon Einstein, who is the founding partner at CryptoLaw Partners, also believes that Bitcoin could touch $100,000 and one of the reasons is due to Bitcoin being decentralised and the price is determined by the market, not by a CEO or official body," Eman Pulis, group founder at Sigma, told Khaleej Times.īitcoin was pinned near its lowest in more than two months on Friday and recorded worst week since February. "Putting short-term volatility aside, Bitcoin could easily touch the $100,000 mark by next year or even by the end of 2021. The bull run and rally in Bitcoin and other cryptos is certainly not going to slow down despite the 15 per cent dip in the most popular digital asset's value to below the $50,000 mark last week, experts say.Īnalysts said the overall momentum for the crypto space remains strong despite the recent correction and Bitcoin has the potential to hit the $100,000 mark during the second half of this year.
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Cryptos to bounce back Bitcoin can 'easily touch' $100K