For Cristóbal Pereira, CEO of LatAmTech Finance, These small positive impulses bring Bitcoin closer and closer to reaching US $ 100,000 in the future by the end of this year.
There are many people projecting a hike to $ 100,000 by the end of the year, such as BitMEX CEO Alexander Hoptner, who suggested that level Friday in an interview with Bloomberg Television.
Bitcoin reached its record on Wednesday following the launch of the ETF in the US, and due to the sustained institutional investment in assets of cryptocurrencies and the possible purchase by larger investors known as “whales.”
Other analysts see the next test at around $ 90,000.
Katie Stockton, founder of Fairlead Strategies, said on Monday, ahead of the latest record, that a breakthrough to new highs offers a positive long-term trend that should see the digital currency target at $ 89,800, according to a projection.
“Overall, it’s still a constructive market,” said Todd Morakis, co-founder of JST Capital, who is on the lookout for another possible pullback, but is also pending at levels of between $ 72,000 and $ 75,000 to the upside, said in an email on Friday. .
Other experts point out that there could be a rapid rise to $ 87,100, which would be the first target, according to the Fibonacci projection.
According to the Transfero team of analysts, responsible for the BRZ stablecoin, you can see the formation of a Bullish Channel, which is a continuation pattern, which extends inclined, in this case, upwards.
Another standout factor this week was the global cryptocurrency market capitalization, which also hit a new record, at $ 2.3 trillion.
In the opinion of the Transfero team, the expectation is that this rise could reach new heights when the altcoins begin to gain traction with the bullish movement of Bitcoin.
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