Is $100K Bitcoin Inevitable? This Expert Say ‘Yes’—Find Out When


As
Bitcoin
teeters
close
to
its
previous
peak,

discussions
about
its
next
big
price
targets
have
reignited.
Among
the
voices
contributing
to
this
conversation
is
Samson
Mow,
the
CEO
of
Jan3
and
a
prominent
Bitcoin
advocate.

Recently,
on
X
(formerly
Twitter),
Mow
expressed
his
belief
in
Bitcoin’s
imminent
rise
to
$100,000,
a
milestone
he
sees
as
a
stepping
stone
toward
an
eventual
value
of
$1
million.
His
forecast
is
based
on
events
triggered
by
breaking
past
the

How To Get Free Crypto  

all-time
high
of
$73,750
in
March.


Related
Reading

Critical
Factors
To
Drive
Bitcoin
Price
To
$100k
Target

Mow
outlines
a
cause-and-effect
scenario
that
could
catapult
Bitcoin
to

these
new
heights.

First,
surpassing
the
previous
all-time
high
would
initiate
a
“recursive
Bitcoin
demand
shock,”
as
increased
demand
and
limited
supply
drive
prices
upward
rapidly.
According
to
Mow,
this
chain
reaction
could
swiftly
elevate
Bitcoin
to
the
$100,000
mark.

His
confidence
is
mirrored
in
the

recent
market
behavior.
Despite a
minor
pullback
from
its
24-hour
peak
of
$71,312,
Bitcoin
has
maintained
an
upward
trajectory,
gaining
1.7%
in
the
past
24
hours
and
nearly
5%
over
the
past
week.

BTC
price
is
moving
sideways
on
the
4-hour
chart.
Source:
BTC/USDT
on

TradingView.com

Supporting
Mow’s
optimistic
outlook,
Chris
Vermeulen,
Chief
Market
Strategist
of
The
Technical
Traders.com,

shares
a
technical
perspective
that
aligns
with
Mow’s
predictions.

In
a
detailed
analysis,
Vermeulen
pointed
out
a
cup
and
handle
formation
on
the
chart,
a
bullish
signal
suggesting
significant
potential
for
an
upward
breakout.
He
uses
Fibonacci
extensions
to
project
that
Bitcoin
could
soon
reach
targets
of
$80,000
to
$90,000,
possibly
climbing
as
high
as
$106,000.

Market
Dynamics
And
Long-Term
Prospects

Both
experts
view
the
current
market
dynamics
as
a
prelude
to
more
substantial
gains.
Vermeulen’s
analysis
not
only
supports
Mow’s
prediction
but
extends
it
by
suggesting
that
Bitcoin
could
encounter
resistance
around
$100,000,
a
psychological
barrier
likely
to
prompt
significant
market
reactions.

Coinbase Banner  

Beyond
this
point,
a
consolidation
phase
might
occur,
but
the
long-term
trajectory
remains
overwhelmingly
positive.
The
broader
financial
context
also
plays
a
critical
role
in
these
forecasts.


Related
Reading

With
growing
concerns
about
the
stability
of
traditional
assets
like
the
dollar
and
the
stock
market,
investors
are
increasingly
turning
to
alternatives
like

BTC
and
gold.
This
shift
indicates
a
deeper
financial
narrative
where
Bitcoin
is
not
just
seen
as
a

speculative
asset
but
as
a
viable
hedge
against
economic
uncertainty.

Featured
image
created
with
DALL-E,
Chart
from
TradingView

Go to Source
Author: Samuel Edyme


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