Will Bitcoin break the $ 100,000 mark in the fall?
In the last couple of years, Bitcoin has taken a strong acceleration. It has increased in price by as much as 8 times. And it will grow further, experts say. But how long-it remains only to guess. We analyzed the information background and tried to understand what the experts were saying.
At the beginning of this year, the American financial holding JPMorgan predicted a rise in the price of Bitcoin to 146 thousand dollars by the beginning of winter. Cryptocurrency competes with gold and can act as its alternative.
"The growth potential is based on the alignment of the market value of bitcoin and gold for investment purposes. It is due to the convergence of bitcoin's volatility and gold's volatility in the long term," JPMorgan strategists explained.
Analyst Willy Wu believes that the next jump in the Bitcoin exchange rate should be expected in October-November, as long-term investors continue to hold the cryptocurrency. And when their accumulation reaches a peak, there will be an explosion that will cause a rapid increase in prices.
A similar forecast is promised by the financier, investor and CEO of Wellcome Keys Worldwide, Reinis Tumovs. In his opinion, September will be a very important month for all cryptocurrency investors:
"Investors and large funds will wake up. The moment of accumulation of positions will come and then we will see an increase in the price of Bitcoin”
The president of the Russian Association of the Crypto Industry and Blockchain, Yuri Pripachkin, expressed his optimistic opinion at the stage of the depreciation of the exchange rate. He also believes that this fall bitcoin will reach or as close as possible to the $ 100,000 mark.
Senior Analyst Bestchange.ru Nikita Zuborev says:
"While the cost of bitcoin is kept in the range of 43-52 thousand dollars — there is no reason to worry.”
His opinion is that there may be "rollbacks" of the course, but this is not terrible. As a result, the crypt is destined to "break through" the upper mark. This will raise the bar for the potential of the cryptocurrency to the level of 65 thousand dollars.
Zuborev clarified that this forecast is within the framework of the S2F model. She assumes that in the fall of 2021, Bitcoin will be worth more than 100 thousand dollars. The analyst also gives a reverse forecast: the Bitcoin exchange rate may fall below 46 thousand dollars.
The creator of the S2F PlanB model believes that Bitcoin will pass an important stage of development in the fall and its value will reach 100 thousand dollars by the end of the year.
The head of the analytical department of AMarkets Artem Deev predicted:
"The situation with bitcoin is repeating itself. The same thing happened last year. This fall, we should expect to exceed the record levels of 64 thousand dollars."
The trajectory of bitcoin has been repeating itself almost all the time in recent years, and if we look at it by analogy with last year, this fall we are waiting for such a development of the situation: bitcoin can quite realistically overcome the past record levels of over $ 64 thousand per coin, " Artem Deev predicted.
The charts show a positive trend and it can last until spring.
Autumn is the best time for any assets. This is the opinion of the general director of the financial company Newcent, Vladimir Smetanin. Therefore, it is worth waiting for the price of bitcoin at 100 thousand dollars.
Many experts believe that there is no reason to lower the exchange rate. On the contrary, (if there are no unforeseen situations), the Bitcoin exchange rate will reach a new level.
Moreover, now some companies accept Bitcoin as a means of payment, and US stimulus measures weaken the dollar. This suggests that the trend for cryptocurrencies is growing and the appearance of the market is gradually changing. The breakthrough of Bitcoin will show the potential for the development of other cryptocurrencies.