When crypto analysts predicted that Bitcoin was going to reach USD 1,000, no one believed it. Everyone compared Bitcoin's price to the stock market. On the other hand, everyone failed to look at the market cap and the huge potential growth behind the entire crypto industry. Today, Bitcoin's market cap stands around USD 1 Trillion, with a current price of around USD 54,000. Will we witness a Bitcoin 100K price before 2022?

Bitcoin managed to climb consistently in prices. From back when its prices were mere cents to today's impressive USD 54,000 price, there's certainly a use case for this digital currency. Not only did Bitcoin provide a new way to send and receive value, but new industries were born thanks to it. From the DeFi and lending space to NFT gaming, all the way to this new Metaverse hype...Big traditional companies seem to like where cryptocurrencies are headed towards. Facebook is a big example. They recently rebranded their mother company name to Metaverse.

When we see mass adoption and people across the world being more educated about the crypto space, the valuation of such an industry would be higher. Since Bitcoin has a market dominance of around 42% currently, Bitcoin's price rise is inevitable.

Bitcoin's price was always hard to predict, over the short term, but always easy to predict over the long term. Everyone who said buy and hold, turned out to be right in Bitcoin's case, and many other altcoins. On the other hand, we're interested to know whether Bitcoin's price will reach 100K before 2022.

For this specific analysis, we need to go back through the years and look at the price-action of Bitcoin, specifically around December of each year.

Looking at figure 2, we can see how prices reacted differently each year. In 2017 and 2018, prices fell around December. Many attributed this to people liquidating their holdings to shop for the Christmas season. Following this, we had the Chinese New Year, where people also said the same about this period. On the other hand, in December of 2019 and 2020, prices skyrocketed.

Being able to predict what will happen to the price in the short term seems a bit difficult for now. This is especially as prices just adjusted heavily in the past week. But what we can be sure of, is that Bitcoin's price most likely will not reach 100K, as this would mean almost a 100% price increase within a month, something that Bitcoin prices did not do for a long time.

Stay Ahead, Stay Updated
Rudy Fares

The day is finally here! Bitcoin managed to finally breach its all-time high price of USD 64,400. This led the entire cryptocurrency market to rally and push upwards. Volumes across exchanges are smashing high while investors who sat on the fence are jumping in again. Now that the ATH price is crossed, where will Bitcoin price reach? Will Bitcoin price reach 100k next?

Recently, the cryptocurrency market was consolidating while Bitcoin started to show a fast recovery in prices. News surfaced about the ETF approval, the fact that made investors more confident towards crypto adoption. Usually, one of the biggest fears that crypto investors have is the legitimacy of such cryptocurrencies. Now that the ETF news is confirmed, this big door opened to traditional investors to come in.

The market is showing a big positive attitude towards those events, and investors who were sitting on the sidelines are jumping back into the crypto game.

Now that momentum is back on track, and that Bitcoin crossed its all-time high price, it is very likely that prices will continue towards 100K. This is no surprise as the important milestones for BTC are the following:

• 10K
• 20K
• 40K
• 50K
• 66K (previous all-time high)
• 100K

Naturally, since we crossed the 66K, the next milestone where prices are likely headed towards would be the 100K. In fact, many analysts already predicted this price to be reached many years ago. Today marks yet an important milestone reached, and hopefully, another one accomplished.

If Bitcoin were to reach 100k today, this would mean an easy continuation of the uptrend within the next weeks. Fundamental news should also come in tandem with those elements.

Stay Ahead, Stay Updated
Rudy Fares

Many have been anticipating a Bitcoin price of USD 100,000 back in the early days. From price predictions of USD 10,000 to USD 20,000 and USD 50,000, crypto analysts were being mocked by traditional bankers and analysts. For them, those valuations were crazy. Today, Bitcoin's price managed to hit all those milestones and is now eyeing the big one: USD 100,000. The question isn't if Bitcoin will reach this price, but when will this happen. In this article, we're going to try to estimate Bitcoin's current price trajectory based on past price behaviors and see if Bitcoin can reach USD 100,000 before 2022.

If we look at how Bitcoin's price has been moving since inception, we can notice 3 main phases that keep on repeating:

• Slow price increase
• Sudden Hype
• Quick Cash out / FUD
• Repeat

In the figure above, we can clearly notice how prices tend to consolidate for an extended period of time before they shoot higher. This consolidation took months, even sometimes years before the trend continues upwards. For the current case of Bitcoin, prices already shot high from a low of USD 3,750 all the way to the ATH of USD 64,400.

The biggest price adjustment happened only recently when prices reached their ATH. However, prices directly corrected back and are currently near the ATH again.

Well, not necessarily. Bitcoin prices matured over the years, and the demand for this limited cryptocurrency will only drive prices upwards. On the other hand, price adjustments seem to become harsher as prices become higher. Bitcoin is still the biggest cryptocurrency by market cap, and there's still no sign of a market crash despite the previous events that happened earlier this year.

However, the consolidations seem to be happening more often and more regularly, instead of being on extended periods like previously.

If we zoom in and look at what's currently happening with the price of Bitcoin, we can clearly see the uptrend. This price recovery comes from the significant support area of USD 40,000. In figure 2, we can see how prices are steadily increasing, and are eyeing the USD 64,000 price mark.

Despite this price rally, being able to almost double in prices within 2 months seems a bit hard for cryptocurrencies after this extended hike in prices. In fact, prices are still on an uptrend since April of the last year 2020. We did witness 2 harsh crashes along the way, but we have little doubt that prices will manage to double again.

In the past 24 hours, the entire cryptocurrency market showed a strong comeback and aggregate prices increased by more than 6%. The biggest gainers are Polkadot, Kusama, and Telcoin. They gained respectively 15%, 13%, and 14%. On the other hand, only 3 coins lost in value, which are Mdex, Perpetual Protocol, and OMG Network. They lost respectively -2%, -1.8% and -0.8%.

1- Bitcoin (BTC) : + 2.12 %

2- Ether (ETH) : + 8.95 %

3- Binance Coin (BNB): + 4.12 % (surpassing ADA)

4- Cardano (ADA) : + 3.93 % 

5- Tether (USDT) : 0 %

6- Ripple (XRP) : – 2.91 % (surpassing SOL)

7- Solana (SOL) : + 4.18 % 

8- Polkadot (DOT): + 15.98 %

9- USD Coin (USDC) : + 0 %

10- Dogecoin (DOGE) : + 3.48 % 

Stay Ahead, Stay Updated
Rudy Fares