Bitcoin's Path to $100,000: Expert Analysis and Timeline Revealed
Sunday, 19 May 2024, 12:45
Bitcoin's Path to $100,000
Bitcoin is gaining momentum, aiming for $100,000 after surpassing $67,000. Market sentiment points to post-halving rally driving the price surge.
Expert Insight
TradingShot's analysis suggests reaching $100,000 post-July based on historical data and bullish market indicators like MACD.
- TradingShot predicts a rise below +90% to $100,000.
- Bitcoin may maintain recent consolidation around $67,000 with lower volatility.
Various analysts foresee Bitcoin bulls breaking resistance at $67,250, $71,500, and $73,700.
- Key support levels at $65,250, $64,500, and $61,500 are crucial to watch.
- Current price: $67,280 with a weekly gain of nearly 10%.
The forecast signals an optimistic phase for Bitcoin but remains speculative, subject to market changes and risks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.