BTC TOP 3
HOW POSSIBLE IS 100K BITCOIN?
IS PLANB 98K AND 135K STILL ON PLAY?
We’ve been hearing about a 6-digit Bitcoin for quite some time now that most of us has already believed a 100k Bitcoin is sure to happen this year. But what if we are wrong?
Although Bitcoin has really proven itself, historically, how a 50% run-up in just a matter of weeks is possible, one crypto analyst thinks this time would be different.
Nicholas Merten, or known as DataDash in his YouTube channel, said 100k Bitcoin might not be possible by the end of the year. Sure, it will happen, but most likely around Q2 next year.
Hate to say it, but I’m 100% confident we won’t see #bitcoin hitting $100,000 by the end of the year.— Nicholas Merten (@Nicholas_Merten) November 14, 2021
Could it happen in Q1? Sure
Could it happen in Q2? Easily
For $BTC to reach $100,000, it’d have to add $661B dollars in market cap, equivalent to the last 4 months of gains.
And for those calling for $200,000 #Bitcoin by EOY, I don’t know what to tell you. In this cycle, I’m confident we’ll reach $200,000. But these levels in price won’t be achieved until Q3-Q4 2022, easily.— Nicholas Merten (@Nicholas_Merten) November 14, 2021
I’m a bull on crypto, but one who’s grown to set my expectations with the reality of historical performance. And with each cycle, it gets a bit more ‘boring’ to put it simply.— Nicholas Merten (@Nicholas_Merten) November 14, 2021
His argument though has earned varying reactions and replies.
I agree with nick on lengthening cycles but I think nick is misusing market cap here. You don't necessarily need to add that 661B dollars to get 100k. You just need to run out of sell orders between current price and 100k— Nacho (@nachos_crypto) November 15, 2021
Btc went up 200% between November 12 and December 17th in 2017 bullrun. It could easily Hit 100k. That's only 65% from where we are now.— Rob Crypto (@RobCrypto8) November 14, 2021
It's so awesome to see something practical on the prediction prices.. With people going insane that #BTC will touch 200k 500k or whatever….— CryptoForLife (@CryptoForLife15) November 14, 2021
I have so much trust in your analysis… 🙏
And many more.
But PlanB and other known crypto analysts/traders are still very confident of Bitcoin being still on track.
$98K Nov and $135K Dec prediction still in play pic.twitter.com/Df9CsxTdEj— PlanB (@100trillionUSD) November 14, 2021
#BITCOIN: Right back into $64,000 "megaphone" support and also aligning with daily RSI at ~55 uptrend support.— The Kobeissi Letter (@KobeissiLetter) November 15, 2021
With the daily top Bollinger Band up to ~$68,000 and RSI having 20+ points to run, we are heading to $70,000+ next.
CLEAR uptrend in $BTC with strong technical demand. pic.twitter.com/JsARBUJNYc
Whichever it is, we’ll just have to see, don’t we?
Either way, 100k BTC is only just a matter of when and not if.
Hold tight on your bags and trade wisely!
BITCOIN BACK ON TRACK
After having a 5% correction last week, Bitcoin, as most believed, is now back on track and ready to rally hard anytime soon.
Bitboy Crypto said this week could be the most pivotal week for BTC ever for 2 reasons:
- BTC has got to bounce back this week. we need this week to be a green week if we want to see it hit 100k by the end of this year.
- BTC Taproot upgrade is now happening. This upgrade will enhance the already most secure crypto in the world. (will enhance security, scalability and privacy)
And added, “What makes BTC no.1 isn’t really about what BTC can do, rather, it’s how BTC was set up. There’s no bigger and more secure network other than BTC.”
ALTS TO EXPLODE BY DECEMBER
If you’re looking for the best way to multiply your capital, alts are your best bet. However, which alts are sure to pump by the end of the year?
Bitboy Crypto discussed how watching out for those coins that have performed well this cycle, and those that recently pumped are one’s best odds for big gains next month.
Here are his Top 10:
1. Iotex (IOTX)
2. Loopring (LRC)
3. Polygon (MATIC)
4. Crypto.com (CRO)
5. Wax (WAXP)
6. Decentraland (MANA)
7. Sandbox (SAND)
8. Basic Attention Token (BAT)
9. Kadena (KDA)
10. Cartesi (CTSI)
Do you own these alts?
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. PLEASE DO DUE DILIGENCE.
ABOUT THE AUTHOR
Elisa is our Head of Market Analysis at Rocket Crypto X
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