RATE Group | After Recovery To $10,000, Bitcoin ‘Should Hit $100,000 In 2021’
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After Recovery To $10,000, Bitcoin ‘Should Hit $100,000 In 2021’

27 Oct After Recovery To $10,000, Bitcoin ‘Should Hit $100,000 In 2021’

Posted at 13:37h in Bitcoin News by

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Bitcoin has had a roller-coaster week, with crypto market watchers on the edge of their seats for more wild price swings.

The bitcoin price dropped like a stone on Thursday, falling to five-month lows of just over $7,000 per bitcoin, only to bounce back to over $10,000–enlivening what had been a stagnant market and leaving analysts scratching their heads as to the cause of the extreme volatility.

Ahead of bitcoin’s sudden market moves this week, bullish bitcoin speculators had remained confident the market will explode over the next couple of years, with the big rebound further emboldening investors–and chasing away bitcoin bears, at least for now.

Earlier this week, widely-respected bitcoin analyst PlanB, who created the so-called stock-to-flow bitcoin pricing model, reiterated his expectation that bitcoin will hit…

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