Bitcoin Could Race To $100k In Q4 2021 Rally

There are all kinds of optimistic predictions about the price of Bitcoin these days following massive volatility. After Musk managed to boost the king coin again, it’s pouring with optimistic predictions about the price of the coin.

It’s been revealed by the online publication The Daily Hodl the trader and market analyst Lark Davis is looking to the past to see if Bitcoin (BTC) could hit six figures this year.

He recently said that Bitcoin’s current price action is reminiscent of Ethereum’s 2017 bull run.

He also shared a chart from analyst Benjamin Cowen that compares the return on investment (ROI) in previous crypto cycles.

“I also like this chart from Ben Cowen about Bitcoin cycle ROI. Either this was the shortest cycle with the lowest ROI or we are going to get a pretty spectacular second act.”

Fear and Greed Index

He used the Fear and Greed Index as a reference, and he said the following.

“Sentiment wise we are very bearish. I can give ample anecdotal evidence from my comment section here and on [YouTube], many are feeling very very pessimistic,” he said.

He continued and pointed out that “BTC fear and greed index has basically been below 25 for over two months!”

Stay tuned for more news, and keep your eyes on the market.

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