{"id":137617,"date":"2021-09-02T17:22:04","date_gmt":"2021-09-02T17:22:04","guid":{"rendered":"https:\/\/precoinnews.com\/?p=137617"},"modified":"2021-09-02T17:22:04","modified_gmt":"2021-09-02T17:22:04","slug":"market-analyst-sees-bitcoin-peaking-at-100000-by-year-end","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/market-analyst-sees-bitcoin-peaking-at-100000-by-year-end\/","title":{"rendered":"Market Analyst Sees Bitcoin Peaking At $100,000 By Year-End"},"content":{"rendered":"<p>Bitcoin has been subject to a number of predictions as it nears the fourth quarter of the year. The price of the digital asset is still up at this point, and investors are expecting the run to continue. While it is still not sure when the coin might break its previous all-time high again, experts are expecting the digital asset to 2X or more from this point. Among the analysts that believe bitcoin is destined for $100,000 by end of the year is market analyst Kevin Wadsworth.<\/p>\n<p><em><strong>Related Reading |\u00a0Ex-Goldman Exec And Real Vision Founder Puts Ethereum Value At $20,000 By March 2022<\/strong><\/em><\/p>\n<p>Wadsworth is the co-founder of Northstar &amp; Badcharts, a company that provides technical analysis to its customers. The co-founder was on Kitco News to talk about cryptocurrencies with news anchor David Lin. Here, Wadsworth gave predictions for what he saw for both the short term and long term for bitcoin.<\/p>\n<h2>A Dip Before The Climb<\/h2>\n<p>Analyst Kevin Wadsworth explained that while the bull market is not over, it is going to run out before the end of the year. Wadsworth\u2019s prediction was that bitcoin would most likely fall before continuing the bull run. Putting the floor of this dip at $40,000 before beginning another run. But this time, the run would lead to new all-time high records for the digital asset.<\/p>\n<blockquote>\n<p>\u201cI think the crypto bull market will conclude before the end of the year. All the crypto charts I\u2019ve been drawing and looking at vary a little bit in timing between the third week of September and some of them perhaps into mid-October or even late October. So there\u2019s this sort of four-week window there between late September and late October where I\u2019d be looking for the crypto bull market to reach its peak.\u201d<\/p>\n<\/blockquote>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.tradingview.com\/x\/3woSk5Ss\/\"><\/p>\n<p>BTC price still trading less than $50,000 | Source: BTCUSD on TradingView.com<\/p>\n<p>Wadsworth puts the price of bitcoin at $100,000 by the time it reaches its peak. Adding that going up above $100,000 would be a bonus generally for the market. In addition to BTC hitting this price, he predicted that the rest of the altcoin market is most likely to follow with significant gains.<\/p>\n<h2>Bullish On Bitcoin Long Term<\/h2>\n<p>Kevin Wadsworth made an interesting revelation with regards to bitcoin in five years. Wadsworth explained that his company\u2019s analysis of the digital assets leads them to believe that the price of BTC is set to surge to $1 million in the next fours years. He puts the year for achieving this price at 202 for bitcoin. While adding that his company\u2019s analysis possesses a success rate of 90%-95% with such predictions.<\/p>\n<p><em><strong>Related Reading |\u00a0Billionaire Who Predicted 2008 Housing Crash Says Bitcoin Is \u201cWorthless\u201d<\/strong><\/em><\/p>\n<p>Wadsworth added that while he was bullish, he was also cautious. Referring to his stand as \u201ccautiously bullish.\u201d And with bitcoin\u2019s movement, the co-founder expects altcoins to also surge. \u201cIf we get to $100K, I expect the altcoins, Ethereum and the rest, to triple and quadruple,\u201d said Wadsworth.<\/p>\n<p>Featured image from Financial Times, chart from TradingView.com<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/market-analyst-bitcoin-at-100000\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has been subject to a number<\/p>\n","protected":false},"author":3,"featured_media":137616,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Analyst Sees Bitcoin Peaking At $100,000 By Year-End - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/market-analyst-sees-bitcoin-peaking-at-100000-by-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Analyst Sees Bitcoin Peaking At $100,000 By Year-End - 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