The Bitcoin price is currently struggling with the $ 50,000 mark. But in the coming year, we could leave this brand behind us very quickly. Many investors are eagerly awaiting the $ 100,000 in Bitcoin. If those analysts predicting a 100K price were correct, around when specifically will it happen in 2022?
Bitcoin at $ 100,000 – it didn’t work out in 2021
Many analysts expected that the Bitcoin price could have broken the $ 100,000 mark by the end of 2021. The floor model, a modification of the stock-to-flow model from the famous Twitter user Plan B, provided for a Bitcoin rate of $ 135,000 at the end of December.
We are far from making these predictions. In fairness, we have to mention that very few experts have predicted the current correction below $ 50,000. The heavy losses were further accelerated when the new Omikron variant of the coronavirus became known. All financial markets and the crypto market went to their knees.
A Bullish Crypto Market in Q1 of 2022 is Very Likely
Despite the sharp price correction in November and December, most analysts are very optimistic about the first quarter of 2022. The price targets for the fourth quarter of 2021 were missed. However, this supports the theory that the new Bitcoin cycle has lengthened this time.
In 2013 and 2017, the big rally that led to the Bitcoin price peak came at the end of the year. But this time it’s different. The bull market seems to be elongating. A bear market looks very unlikely as fundamentals remain bullish. Furthermore, the bottom of the Bitcoin price has held again at $ 46,000. Some pessimists expected it to drop to $ 40,000.
When will Bitcoin reach a Price of $ 100,000?
It is difficult to predict when exactly the $ 100,000 for Bitcoin will fall. The way there still seems a long way. The course should more than double. However, we are still waiting for the parabolic slope of the course like at the end of 2017. Should this slope begin, it could only be a few weeks until the Bitcoin course at $ 100,000.
The first quarter may seem to be the quarter in which the Bitcoin price rises above $ 100,000. An initial surge above $ 60,000 is likely as early as January. It wasn’t until just before Christmas that the course was turned down for the first time at $ 52,000. Should this resistance break on the next try, it can climb to $ 60,000 soon.
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The post Will Bitcoin Reach $100,000 in 2022? appeared first on CryptoTicker.
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