Bitcoin’s price is flirting with $100,000 again, and experts are buzzing about what’s next. Could we see a new all-time high soon? Let’s dive in.
A 14% Surge Predicted
Javon Marks, a crypto expert, predicts a significant short-term Bitcoin price increase – around 14%! He points to Bitcoin’s current bullish momentum and past price patterns as reasons for his optimism. Marks believes this surge could push Bitcoin past $113,386 (“Target 2”), potentially leading to even higher, uncharted territory. He’s basing this on Bitcoin’s historical performance and the current market conditions. Basically, he thinks the bull market is far from over.
Reaching New All-Time Highs
Michael Van De Poppe, founder of MN Consultancy, shares a similar bullish outlook. He’s also predicting Bitcoin will surpass its previous all-time high of $108,000. He sees a strong price setup on the charts and believes breaking the $100,000 resistance level is key to this happening. Once that happens, the way is clear for further gains.
Building Momentum
After a period of relative quiet, Bitcoin is showing renewed upward strength. This isn’t just Bitcoin; the entire crypto market has seen a boost since the start of the year, with many assets pushing towards key resistance levels. This overall market positivity, combined with growing investor confidence and increased trading volume (up over 43% in one day!), is fueling the bullish sentiment around Bitcoin. As long as this positive trend continues, a return to all-time highs looks increasingly likely.
