Cryptocurrency market all 2021 It faced huge mass acceptance.
While the cryptocurrency industry is still dominated by individual investors, more institutional investors joined the trend in 2021 than ever before.
When we say banks, institutions, corporate funds and venture capitals, even countries Bitcoin (BTC) started investing.
However, while all this is happening, the leading cryptocurrency from $69,000 His inability to go further and test the $100,000 support misled some analysts.
Many analysts are beginning to think that $100,000 will be an unattainable target, at least until the new bull season arrives.
Founder of the S2F model PlanB He even stated that he was wrong in his estimate of $ 100,000 and that this will not be seen before the end of 2021.
However, it seems that there may have been a revision in this BTC price forecast.
PlanB Sure of $100,000
On-chain analyst PlanB stated that the $100,000 estimate has bounced back.
After emphasizing that the floor prices in November and December were not seen and this was due to the current market conditions, the analyst reminded that the whole S2F model is not invalid.
Stating that $100,000 will be seen “in this cycle,” the analyst underlined that the rise will actually continue in 2022.
According to the famous name, for the model to continue, BTC needs to stay at the level of 51,000 dollars, and as long as BTC maintains these levels, the expected record may come.
BTC, which has risen from $ 20,000 to $ 40,000 in a very short time before, is strong enough to make a similar move, according to the famous analyst.