Bitcoin To Hit $100k By The End Of 2022
The crypto market looks good today with the most important coins trading in the green, after a few days of downward price movements.
BTC to reach $100,000 by 2022
Bitcoin optimistic predictions continue. It’s been revealed that a crypto analyst who called BTC’s 2019 bottom is revealing the long-term target for BTC.
The analyst is known in the industry as Dave the Wave, and he’s updated his long-term chart that identified BTC’s 2019 low in the 6,000 range.
This chart plots Bitcoin’s path using a logarithmic growth curve, and it’s been reported that it now shows BTC surpassing $100,000 by the end of 2022, according to the latest reports.
The Daily Hodl also mentions a crypto investor and technical strategist who goes by the pseudonym Horn Hairs, who tells his crew of 39,000 followers that BTC is looking bearish after being rejected at $7,635.
BTC was not able to break through resistance, and he says that a bearish divergence and the coming expiration of CME futures suggests another significant move to the downside.
“BTC short. Bear div coupled with a hard rejection after a sweep…Think we see some downside from here. Also of note, 70% of days before CME expiration dates have been negative, shout out @JofDom.”
Bear div coupled with a hard rejection after a sweep… Think we see some downside from here.
— HornHairs 🌊 (@CryptoHornHairs) December 26, 2019
Crypto predictions for 2020
It’s been revealed not too long ago, that according to BitMEX, the dominance of BTC of the crypto market, in general, will remain under 75%.
The research arm of the crypto exchange BitMEX released a set of predictions for 2020.
The number suggests that the altcoin market is here to stay for the future, despite there are a lot of predictions that are claiming otherwise.
At the moment of writing this article, BTC is trading in the green and the most important coin in the market is priced at $7,478.39.
Despite the high market volatility, there have been a lot of optimistic crypto predictions out there during 2019.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.