There are many people projecting a hike to $ 100,000 by the end of the year, such as BitMEX CEO Alexander Hoptner, who suggested that level Friday in an interview with Bloomberg Television.
Bitcoin reached its high on Wednesday following the launch of the ETF in the US, and due to sustained institutional investment in cryptocurrency assets and possible purchase by larger investors known as “whales.”
Other analysts see the next test at around $ 90,000.
Katie Stockton, founder of Fairlead Strategies, said on Monday, ahead of the latest record, that a breakthrough to new highs offers a positive long-term trend that should see the digital currency target at $ 89,800, according to a projection.
“Overall, it’s still a constructive market,” said Todd Morakis, co-founder of JST Capital, who is on the lookout for another possible pullback but is also on the lookout for levels of between $ 72,000 and $ 75,000 to the upside, said in an email on Friday. .