This past week was a hopeful one for the whole cryptocurrency market. Bitcoin price managed to get out of its previous consolidation period, and entered a new one. Can Bitcoin reach 100k?
Many have been asking if NOW is a good time to buy Bitcoin. This question in fact in the very same reason why most people still don’t hold Bitcoins. In fact, if we take into account only the past year, those people missed more than a 1,500% price increase, just “looking” at Bitcoin charts and wondering if NOW is a good time to buy. If you’re looking at a longer-term timeframe, the time to buy is NOW. JP Morgan estimates Bitcoin Prices to reach USD 500,000 based on a Gold Valuation. So now we ask again, is now a good time to Buy Bitcoins?
Bitcoin Prices are on an UPTREND
Whenever traders assess if NOW is a good time to enter the market, the first technical indicator would be to look at the price trend. This entails if the price is mainly going up or down in a certain time frame. Currently, Bitcoin is on a clear path upwards. In a previous article, we specifically detailed how prices would react, and we drew a path in green (figure 2). Looking at that graph, Bitcoin behaved the exact same way we predicted.
Bitcoin Price Prediction – Can Bitcoin reach 100k?
Great question, we hope you haven’t been asking yourself that question for the past year! Well, if we look at today’s prices, you can perform this following strategy:
- Enter Current Prices: USD 55,100
- Set Stop-Loss: USD 53,000
- Take-Profit Level: USD 60,000 (or keep it open for that USD 500,000 valuation 😉 )
- Risk/Reward: 1 : 2.2
Can Bitcoin reach 100K? Definitely in the long run, that’s what JP Morgan calculated anyway using the Gold Valuation, which it predicts a price of Half a million. So 100K is nothing. We reach a price above 55K from 3K only in 1 year…How can someone even think otherwise?
The Crypto Market as a Whole
In the past 24 hours, most cryptocurrencies adjusted in their prices after 5 days of gains. Bitcoin’s market cap is back a bit over USD 1 Trillion.
1- Bitcoin (BTC) : + 0.48 %
2- Ether (ETH) : – 3.99 %
3- Binance Coin (BNB): – 2.20 %
4- Tether (USDT) : 0 % (surpassing Cardano)
5- Cardano (ADA) : – 4.69 %
6- Polkadot (DOT) : – 4.88 %
7- Ripple (XRP) : – 4.36 %
8- Uniswap (UNI) : – 5.41 %
9- Litecoin (LTC): – 2.18 %
10- Chainlink (LINK) : – 4.74 %
Stay Ahead, Stay Updated
Rudy Fares
Recommended posts
-
Shiba Inu Price Prediction: How High can SHIB Price reach by 2030? -
JP Morgan got EXPOSED for its Crypto plans – Will Bitcoin go up? -
Bitcoin Price Prediction – Why a USD 53,681 BTC price is THE Magic Number
-
Ripple Price Prediction – How High will XRP reach in 2050? -
Can a Bitcoin 100K Price Happen before 2022? -
Don’t Buy Bitcoins right now, here’s why - Bitcoin Price Prediction – Will Bitcoin Price make Another BOOM?
- XRP Price can TRIPLE in the next few weeks if THIS Happens, Here’s Why
- Bitcoin Price Prediction – Is BITCOIN a good investment in 2021?
-
Bitcoin Price Prediction – ‘Tis the Season to BUY Bitcoins? Maybe…Read on - FACT: Will Shiba Inu Coin reach $1 during the next Bullrun?
- US Stimulus Cheques might make Bitcoin BOOM! Here’s WHY
- Bitcoin Price Prediction – TA predicts another 2017 like rally!
- TA that predicted Bitcoin Price to consolidate is showing signs of STRENGTH ahead, BUT…
- XRP Price is about to BOOM if the crypto market recovers! Buy $XRP?
- INSANE! Bitcoin Surpasses ALL-TIME HIGH and Eyes 70K! Here’s What’s Next
- JP Morgan Doubts Corporate Adoption of Bitcoin
-
Shiba Inu Price Prediction: Can SHIB Price reach $3 in 2023? - Bitcoin Price is BACK ON TRACK – Should you BUY BTC?
More from Bitcoin
Top 3 reasons why Bitcoin will continue to RISE in the coming weeks!
Will Bitcoin continue to rise in the coming weeks? In this article, we go over the top 3 reasons why …
Bitcoin price crosses $20,000 for the first time in 2023! Is $30,000 next?
What's next for Bitcoin now? Will Bitcoin reach $30,000 soon? Let's analyze in this Bitcoin price prediction article.
Bitcoin Price Prediction for 2023: Prepare for THIS MOVE!
2023 is finally here! Will Bitcoin go up in 2023? Or will we witness yet another crash? Let's analyze in …
