Despite the massive corrections that have been taking place in the crypto space, there are all kinds of optimistic predictions about the price of Bitcoin.
A popular one says that Bitcoin will reach $100k in the next few months. Check out what popular analyst Lark Davis had to say about this.
Here is the chart hopium that you need showing how #bitcoin could realistically reach 100K within the next few months, and will likely go much higher with a cycle top of 180 to 280K.
— Lark Davis (@TheCryptoLark) October 6, 2021
Check out what more he had to say:
If we consider the lengthening cycle and diminishing return theory then we could see Bitcoin going up to 200K for a blow off top for this cycle sometime in late 2021, but more likely early 2022. pic.twitter.com/EtEu5pXWyP
— Lark Davis (@TheCryptoLark) October 6, 2021
How high can Bitcoin go
He also said the following: “Not possible you say? Well those percent gains are exactly what happened last 2 bull runs. Q4 2013 and 2017 both had rallies in excess of 300% the mid cycle highs. If we assume same results then that gets to closer to 280k, if we assume diminishing returns then 200k.”
We suggest that you check out the complete thread that he dropped on his social media account in order to learn the complete details.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $51,328.39.
He also said: “There are a dozen more charts I could show which indicate that we have yet to see the blow off top for this market cycle. But if the above isn’t enough for you and you are still bearish then nothing will change your view IMO.”
Stay tuned for more relevant news from the crypto space, and make sure to keep your eyes peeled on the crypto market.
