A famous cryptocurrency analyst predicts that Bitcoin will surpass $100,000 within 21 days. Is it possible? | by 36Crypto | Coins | March 2024
A top cryptocurrency analyst shared his insights on Bitcoin price, pointing out that the asset price will surpass $100,000 within 21 days. His analysis sparked excitement and agreement among community investors.
Bitcoin, the largest cryptocurrency on the market by trading volume, hit an all-time high on March 11 after surpassing $71,000 for the first time. Token prices have been significantly affected by the large influx of funds into the cryptocurrency market.
Over the past 24 hours, Bitcoin has surged nearly 3% as optimism continues to grow across markets. Source of data Alternatives It suggests ‘extreme greed’. Cryptocurrency Fear and Greed Index It stayed at 82 points.
The value of Bitcoin has increased by almost 70% this year, with most of this growth occurring in the past few weeks due to capital inflows into newly established companies. Bitcoin exchange traded fund spot And there are expectations that the Federal Reserve will soon cut interest rates.
Although the rally does not appear to be stopping anytime soon, several crypto analysts have stopped short of making predictions analyzing the token’s near-term price movements. In particular, ‘Crypto Rover’, a popular cryptocurrency analyst on X (formerly Twitter), made a bold statement about this.
The aforementioned experts are known for their keen research and market forecasts. exposed Insiders are aware of the trend of Bitcoin generally reaching the 1.618 Fibonacci extension, or approximately $102,134, 21 days after crossing its all-time high (ATH). They advised enthusiasts to relax and watch the $100K rise.
With the digital asset’s current trend surpassing its previous high of $69,000, investors have taken this prediction as gospel, hoping that this potential outcome will come to fruition.
Investors and enthusiasts alike are keenly watching as the countdown to hitting $100,000 begins. If Crypto Rover’s predictions come true, the next 21 days will be critical in securing Bitcoin’s reputation as a leader in the digital asset space. Considering the current favorable market conditions, the path to $100,000 could very well be achieved and would usher in a new era in cryptocurrency investing.
The current bullish sentiment across the cryptocurrency market is fueling the positive outlook of cryptocurrency analysts. According to Data from CoinstatsBitcoin is currently trading at $71,956 and is up 3.49% in the last 24 hours.
Moreover, BTC has grown significantly by more than 10% in the past 7 days with a surge in trading volume. Real-time data shows trading volume has increased 78% over the past day, reaching $52.2 billion, indicating increased interest from both individual and institutional investors. Finally, Bitcoin’s market capitalization reached $1.4 trillion, accounting for more than half of the global cryptocurrency market capitalization.
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