Traders predict Bitcoin price to reach $ 100,000 and even $ 5 million




Most crypto investors predict Bitcoin price above $ 100,000


The third Halving Bitcoin (BTC) is just a month away from us, now a trader predicts that the price of BTC may skyrocket to $ 100,000 in the next two to three years.


Bitcoin continued to trade below $ 7,000, on April 1, the price unexpectedly increased by 8% - from $ 6,221 to $ 6,661 in a giant green candle.


Last year, around the same time, Bitcoin soared more than 20% - first reaching $ 5,000 in a few months and then, in June, it hit a high of nearly $ 14,000.


Now, with BTC havling only 41 days away, traders are making short-term predictions, while some are looking to the future two to three years.


One of the analysts predicted that, after halving, Bitcoin may need a few years to reach an all-time high of $ 100,000.



Bitcoin reaches 100,000 USD


Trader Moiseiev_Yurii on TradingView Having shared his long-term forecasts, he expects Bitcoin to reach $ 100,000 by the end of 2022.


Source: TradingView
Source: TradingView

The reasons he gave are as follows:



“- The price has created 5 bullish waves since 2011


- Price of ABC chart trading from $ 20,000 per BTC


- The probable ending of wave C is the primary level of $ 1,100 per BTC


- When the price finishes the ABC chart pattern, the price will start 5 new bullish waves


- The possible target in this case is the number that people are waiting for - $ 100,000. "



5,000,000 USD per dong


Trader The Moon is even more bullish when it states that with Bitcoin approaching halving and the financial system in a major crisis, the price of Bitcoin could reach $ 5 million - 5 times the target. the voice of John McAfee, a prediction that the antivirus tycoon once promised to "eat on your own" if it did not materialize, but then he canceled his promise.




Bitcoin needs to break $ 6,900- $ 7,100


Meanwhile, well-known cryptocurrency analyst Michael van de Poppe made his short-term view. He believes that in order to continue the uptrend, Bitcoin needs to surpass the $ 6,900- $ 7,100 area, after which it can retest the $ 8,000 mark.




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According to U.Today
Translated by ToiYeuBitcoin