Could Bitcoin Hit $100k This Year? - UseTheBitcoin

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Bitcoin's rise has reduced after hitting a record high on Wednesday, however some strategists see the next rally taking it to as high as $100,000 by the year's end.  This Site  to near $67,000 has traders watching to see how the landscape shifts, now that the very first United States Bitcoin futures exchange-traded funds are in play.

The CEO of a crypto research firm says bitcoin is going to $100,000 by year- end

The biggest cryptocurrency was up 0. 6% to $63,077 since 12:25 p. m. in Hong Kong on Friday after peaking on Wednesday at almost $67,000. Bitcoin reached its record in the wake of the U.S. ETF launch, in addition to ongoing institutional investment in crypto possessions, and possible buying by larger investors known as "whales." Other analysts see the next test at around $90,000.

Katie Stockton, the creator of Fairlead Techniques, said Monday-- before the latest record-- that a breakout to new highs offers a positive long-term trend that needs to see the digital currency target $89,800, based upon a determined move projection. "Overall it's still a constructive market," stated Todd Morakis, co-founder of JST Capital.

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Some Known Incorrect Statements About Why Did the Crypto Market Crash, Is it a Good Time to Invest?

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Important Factors Driving Bitcoin's Drastic Growth In 2020 - Seeking Alpha

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During an interview with CNBC, first identified by Crypto, Potatio, the strategist exposed that the entire monetary industry would see growth and head towards brand-new highs when coronavirus infectors drop, efficiently predicting a financial boom in the future. Talking about his BTC price target, he said "A hundred thousand into year-end is pretty sensible." Lee's bullish predictions came as the Institute for Health Metrics and Examination (IHME) forecasted COVID-19 cases in the U.S.