Bitcoin Is Posied To Hit $100k Under This Condition
There are all kinds of predictions about the price of Bitcoin these days, and most of them are pretty bullish despite the high volatility of the crypto market.
Bitcoin is poised to hit $100k in a couple of years
One of the most popular predictions is that Bitcoin will hit $100k in a couple of years.
Tone Vays, for instance, said that he believes BTC will suffer a significant pullback before the coin begins this new long-term rally.
On the other hand, the online publication the Daily Hodl reveals that the recent price moves of BTC have him bullish.
He believes that the big test that the most important coin has to pass is whether BTC can get past the high from last July of $13,900.
It’s been also revealed that in the long run, if BTC can reach previous highs of about $20k the next step will be $100k.
Tone Vays is prepared to become a bull for February
“As long as this week can close at above $9,000, I become a bull for February… Am I ready to declare a bull market? No. We have a lower high, we have a higher low, but we need a higher high,” Vays said, as cited by the online publication the Daily Hodl.
He continued and explained, “I don’t mind buying Bitcoin [above $13,900]. I don’t mind buying Bitcoin here. Maybe I’ll sell my car. Maybe I’ll sell my apartment. I don’t know, I’ll think of something. I have zero problem buying Bitcoin at $20,000. I have no problem doing that because then I’m going to be 99% positive my Bitcoin is going to $100k.”
At the moment of writing this article, Bitcoin is trading in the green and the most important coin in the market is priced at $9,359.42.
The day before, BTC was able to surpass $9,500. It was right around the time when the new coronavirus has been declared a global emergency by the World Health Organization.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.