The crypto space seems to have come back on track as some of the coins started to show a decent uptrend. Bitcoin price after falling from $53k to $43K last week is up by 3.57% in the last 24 hours. Few analysts and a portion of the crypto community appear extremely bullish for BTC price. And they anticipate that prices could experience a series of pumps in the 4th quarter of 2021. Well, is it possible? We have got up with some interesting statistical data and the network’s upcoming events. As per the data, BTC holds a strong potential to reach new highs!
Bitcoin’s Upcoming Upgrades!
Bitcoin aims to build wallets and other BTC ecosystem applications that can leverage the enhanced scripting capabilities brought on by the Taproot upgrade. The Taproot will improve BTC’s smart contract functionality. Interestingly, after the upgrade, the BTC ecosystem will support DeFi apps. Which can become the major game changer for BTC.
Crypto influencer CryptoBit recently shared a post on PCX token’s massive break out. This new entry is surging high with a $1M buy volume within 30 minutes. As team PCX deployed taproot bitcoin on core testnet, it is giving tremendous results. Then, what might happen to the BTC price when taproot is initiated? With upgrades to the wallet, client services, On-chain data and Mining comes into effect on time then BTC price could hit $100k by the years end.
Bitcoin Price Analysis: Stats Say $100k Still looks Imminent for BTC.
Popular crypto analyst Lark Davis says BTC has a big price move in quarter 4. Yes, with stats of price surge of specific months over years from (2013 to 2021). The possibility of the price surging to $100K in the 4th quarter surfaces. As per the past trends, September is not a good month for BTC’s price. October, November are game-changers in Q4 for BTC.
Popular crypto analyst Lark Davis says BTC has a big price move in quarter 4. October, November are game-changers in Q4 for BTC. Bitcoin’s price is currently at a strong consolidation phase, trading at $46,044. And the price is attempting very hard to clear $50k levels. Provided favourable conditions in the last quarter, BTC price could uplift $60k initially. However, the target for BTC price rally still resides at $100k anticipated by a popular analyst Lark Davis.