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Home Cryptocurrency

Bitcoin Price Tanking Hard Yet $100K Still Achievable By The End of 2021 2021

by souhaib
September 20, 2021
in Cryptocurrency
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Fantom(FTM), Loopring(LRC) Price Eye Another 20% Upswing, While Avalanche(AVAX) May Witness a 10% Plunge! – Coinpedia – Fintech & Cryptocurreny News Media 2021

The history appears to have repeated over time as September again seems to scare the entire crypto space. With the terrifying ninth month about to subside, and the fourth quarter of the year nears. A lot of expectations and predictions are prevailing in the crypto space. Despite a steep drop in the BTC price, yet the analyst believes the price still can hit $100K by the year-end. 

Many speculations hover around the blood-bath in the crypto space, where the FED’s session with respect to the Stock market regulation might have a large impact. As still, the co-relation between the Stock and Bitcoin go hand in hand, the uncertainty in the stock market has been witnessed in the crypto space too. 

On the other hand, the real-estate crisis in China may also have dragged the price and also the crackdown in the South Korean exchanges could have fueled the slump. However, popular investor and analyst, Lark Davis, expects the digital coin to hit $100k by the end of the year. 

I still believe that Q4 will be very bullish for #crypto and that #bitcoin will hit 100k by EOY. I also believe most will get totally caught up in the euphoria and hand most of their paper gains back to the market. Don’t let that be you!

— Lark Davis (@TheCryptoLark) September 20, 2021

He expects the coin to repeat trajectories from 2013 and 2017. Where the digital coin rallied over 300% in the fourth quarter after a dreadful September.

Also Read: Altcoins That Could Challenge The Bearish Divergence This Week

Bitcoin Price Bounce May Be Underway!

Another analyst opines with a dip of about 30% to be evident but believes the dip to be a blessing in disguise. According to a popular analyst, il Capo of NOIA, despite the possibilities of assets visiting lower levels below $40K are high, yet the $100K target would remain unchanged. The price can still smash $100K in a coming couple of months if a notable bounce at these levels makes its way out. 

$BTC simple

Two key zones:

Blue zone 42k-44k

Green zone 38k

I bet for a bounce from the blue zone, but if it breaks and retests this zone, the green one will be in play.

Both are good entry prices for what is to come in the next months ($100k+) pic.twitter.com/66h8mMutNC

— il Capo Of $NOIA (@CryptoCapo_) September 20, 2021

As per the analyst, currently, BTC price is on its way to test the initial support zone in between $42K to $44K. If the asset fails to bounce back then the price could slump down to $38,000. Currently, the price failed to hold in these regions and hence a plunge below $40,000 appears imminent. 

Apart from the bearish narrative, some analysts like  Micheal van de Poppe, believe the Bitcoin price can range as high as $250K to $300K. However, it may further land to $60K as part of the bear market. BTC price at the press time is around $43,847 with a huge drop of 7.7%. With a fateful crash, the global market capitalization also slumped below $2 trillion. However, Bitcoin is growing its dominance day by day and hence a notable rebound could be on the corner. 

Also Read: Is This The Right Time To Buy Cardano(ADA)? Know What Analyst Thinks?





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