Bitcoin (Bitcoin) The transaction price for the whole year is now above US$10,000, because it is expected to require US$100,000 before the end of 2021.
While coin holders are waiting impatiently for new historical highs, BTC price movements are celebrating, which may be the first of many anniversaries.
BTC/USD: a five-digit year
On Thursday, BTC/USD officially reached five-digit 365-day trading.
A year ago, on September 9, 2020, the largest cryptocurrency slowly fell into the $10,000 zone and never returned.
A month later, it was only $1,000 higher, but fast forward to the end of the fourth quarter of 2020, and the situation was completely different-Bitcoin was trading at $28,000.
It is widely expected that this shift will repeat itself this year. As Cointelegraph Report, Even for the “worst case” of BTC/USD, it will be USD 135,000 by January 1, 2022.
Even traditional finance has begun to turn to the concept of bullish continuity, especially in the form of Standard Chartered Bank this month forecast This year’s cyclical peak is $100,000.
The peak forecast of this bull market cycle:#Bitcoin Up to 275,000-350,000 USD #Ethereum Up to 7,500-12,500 USD#polka dot Up to 100-150 USD#Chain Up to 100-150 USD
-> #Cardano To 3-5 USD#Zilliqa To 0.80-1.20 USD#ripple To 0.50-0.60 USD
— Michaël van de Poppe (@CryptoMichNL) September 12, 2021
Shrinking, the forecast will be higher. Cathie Wood, founder, CEO and chief investment officer of Ark Invest believes that Bitcoin will have Reached 500,000 USD By 2026.
At the time of writing, BTC/USD was hovering at $47,500, beating the strong overnight resistance some worried about.
“Despite a 50%-plus sell-off in May, a strong rebound from a low of $29,000, and now there is another big sell-off this week, HODLers does not seem to be staged,” analyst firm Glassnode Summarize In its latest weekly newsletter.
Also as Cointelegraph famousSince the beginning of the main part of the bull market in October, long-term holders now account for more of the BTC supply than at any time.At the same time, foreign exchange reserves are at lowest Since February 2018.