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Bitcoin at 100,000? 50,000 is ‘a pit stop,’ say bulls By Investing.com

By Laura Sánchez

Investing.com – Bullish investors are encouraging the virtual asset to regain positions at $ 50,000 levels, and not only that. The bulls are again betting on Bitcoin at $ 100,000 later this year.

“Bitcoin’s $ 50,000 is a huge psychological victory for the cryptocurrency that will undoubtedly get people talking about how long it will be until we get back to record territory,” says Craig Erlam, senior market analyst at Oanda, in a collected note. by MarketWatch.

“In fact, there are already predictions that it will reach 100,000,” adds this expert.

Iqbal Gandham, Vice President of Transactions at Ledger, explains to MarketWatch that while there have been several predictions about where Bitcoin will be towards the end of 2021, “most, if not all, point to the next big peak being $ 100,000.”

“With all the movement, be it noise around ETFs or countries adopting Bitcoin as legal tender, one could easily assume that this is where Bitcoin would rest by the end of the year,” Gandham highlights.

Fundstrat Global Advisors founder Tom Lee speaking to CNBC Earlier this month, he also maintained his forecast that it will hit 100,000 in 2021.

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Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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