What Does Financial Author Says $100,000 Bitcoin Price Is 'Not 'Far Do?

The Bloomberg Crypto Index declares that Bitcoin is in a resting bull-cap market. So while it might look like a bear market, the property is just taking a break prior to its next rally. Vinny Lingham is a popular name in the crypto space. He is renowned for having correctly predicted price movements of coins like Bitcoin, Ethereum, and FIL.

Lingham just recently published on Twitter that if Bitcoin might hold the $30K cost variety, then we might see $100K this year. Other users chimed in with their opinions under the tweet. With one user even predicting as high as over $150k by Christmas. One user mentioned the absence of momentum in the market.

Here's why $100K Bitcoin could arrive 'within three to eight months' -  Stockhead

However the buying pressure is high at $30K.  This Site  prevents the coin from falling below this important limit. The lack of momentum in the market has actually certainly been a cause for concern. But in some cases that is a good idea. Without any momentum, financiers may believe the marketplace has actually struck its bottom.

Bitcoin is still well poised to hit $100k by the end of 2021, data shows

The smart Trick of Will Bitcoin Reach $100K? - E-Crypto News That Nobody is Talking About

Included image from U.Today, chart from Trading, View. com.

Why Plan B is confident that Bitcoin will hit $100K-288K before Dec 2021 -  AMBCrypto

Bitcoin prices tanked almost 7% in the past 24 hours as its trading volume toppled to a two-year low. At 19:39 UTC today, the price of one bitcoin token had to do with $10,656 after topping $11,432 simply hours previously. Of the leading 10 most valuable cryptocurrencies on the planet, all signed up dramatic cost drops during the previous 24 hr, with bitcoin, Litecoin, Ethereum, Bitcoin money, Tron, Neo, Eos and newcomer Huobi Token plunging more than 5%.

Since March 4, there were 195,500 verified bitcoin deals occurring worldwide that day. That figure was just slightly better than the all-time record low of 180,000 validated BTC transactions, which happened on February 26, 2018. Those volumes were the most affordable given that March 2016, when bitcoin costs hovered in between $380 and $410 per token.

Everything about Bitcoin to hit $100k this year, analysts confident - BTC PEERS

"The slump comes at a time when Bitcoin struggles to gain back the sky-high USD worth it attained late last year, when it reached $20,000 on some major exchanges," Coin Telegraph noted. While the price of bitcoin, Ethereum, and Ripple fluctuate on a per hour basis, it seems there's no stopping the crypto train as the media buzz intensifies and blockchain the technology behind bitcoin continues to win over doubters, who are positive about its fintech applications.