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Bitcoin Can Reach $100,000 This Year - Whales & Institutional Investors Are Buying.
2021-10-25 | Selina Mathew
Bitcoin Price Chart - Source: Coinmarketcap
According to some observers, the next test will cost around $90,000. "Initial upside targets for Bitcoin above $65,000 lie near $72,500, then $89,000, and are deemed to be clearly within reach on this breakthrough of the previous high," according to research published by Fundstrat on Friday. Based on a measured move estimate, Katie Stockton, the founder of Fairlead Strategies, stated Monday — before the current record — that a breakthrough to new highs gives a bullish long-term trend that should see the digital currency approach $89,800. Overall, the market is still positive," said Todd Morakis, co-founder of JST Capital. In an email Friday, he said he's waiting for a possible further downturn, but he's also looking for levels around $72,000 to $75,000 on the upside.
