Fundstrat strategists have shared the next bullish path of the cryptocurrency, which ranks first by market cap. According to strategists, this path could lead Bitcoin price to test the $89,000-90,000 level.
Bitcoin prediction from Funstrat: $90,000 can be tested!
Fundstrat said in its report on Wednesday that after breaking the $65,000 level, Bitcoin will first test $72,500 and then continue to test $89,000. cryptocoin.com As we reported earlier in the week, Bitcoin reached an all-time high of $66,930. The rally took place in anticipation of the launch of the BTC ETF (exchange-traded fund).
The ETF, which is pegged to Bitcoin futures, not BTC price, was made available by ProShares on the New York Stock Exchange. Also, according to the data, large crypto holders, commonly known as whales in the market, buy Bitcoin and move it from exchanges to their cold wallets for long-term storage.
$100,000 prediction from BitMEX CEO
On the other hand, many experts, including Alexander Hoptner, the new head of BitMEX, who shared his opinion with Bloomberg TV earlier today, expect Bitcoin to reach $100,000 by the end of 2021. Priced at $63,328 at the time of writing and taking the first place with the current market value of $ 1.19 trillion, BTC has experienced a 10.2 percent increase over the past week, although it has lost 4.4 percent in the last 24 hours. The annual return of crypto money is about 400 percent.
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