Bitcoin at $100,000? It's only a matter of time, says a prominent analyst

A prominent investment strategist and trader, says Bitcoin looks like an asset that could soon cost as much as $100,000. [...] https://www.pinterest.com/pin/1085437947660215829/

A prominent investment strategist and trader, says bitcoin looks like an asset that could soon cost as much as $100,000. In his new tweet, Kaleo, as he is referred to, conveyed to his watchers that it is only a matter of time until we see 1 BTC priced as high as $100,000. Bitcoin at $100,000 His extremely optimistic expectations for Bitcoin came when he revealed his long-term forecast for the flagship cryptocurrency. According to him, BTC's current price action reminds him of the sideways consolidation that took place earlier before Bitcoin's price shot above $10,000 in 2020.   Looking back at the price action that saw Bitcoin shoot up from around $13,000 in November 2020 to over $40,000 in early 2021, Kaleo copies the pattern thus created and applies it to the current BTC market structure. In his opinion, this produces very impressive results. He feels that the cryptocurrency could eventually cost nearly $200,000 in this cycle. BTC at $200,000 However, Kaleo is not, it is worth adding, isolated in his opinion. Analyst Willy Woo believes that Bitcoin will surpass the $200,000 level and will ultimately cost as much as $2 million in a few years. The reason, however, is not to be found in the so-called "street", but in the institutional investors who have taken up the cryptocurrency market for good. - We can see this by following the flow of coins from exchanges, where usually people speculate or buy and sell their coini, they have a fixed inventory, part of which is intended for speculation. We've just seen an unprecedented depletion of that stock. If you look back at the bull market in 2017, we saw a five-month run-up in stocks. That was enough to push the 2017 bull market to the $20,000 level," Woo explained. You can always check the current exchange rate of bitcoin and other cryptocurrencies at bitcoin.co.uk under the bitcoin exchange rate and cryptocurrency exchange rate tabs. Places where you can buy BTC and other coins include the BitBay.net cryptocurrency exchange. If you don't have an account on BitBay yet, this article will show you how you can create one efficiently: LINK. Tags bitcoin 100 000 btc price btc rate bitcoin exchange rate btc exchange rate