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Binance exec says Bitcoin at $100,000 "is not out of the question"

While Bitcoin may have undergone a couple of corrections over the past few days, by many accounts the bull run is only getting started. Even so, many in the space have set their eyes on the horizon, speculating where Bitcoin will top out.
Binance exec says Bitcoin at $100,000 is not out of the question
One such speculator is Binance’s chief strategy officer, Gin Chao. During a recent interview with BlockTV, Chao was asked about his thoughts on the potential of the king cryptocurrency. Chao begins by explaining that if you look to the past, Bitcoin has been through three previous cycles, with the fourth cycle beginning now. If Bitcoin follows its historical trends "$50,000 and $100,000 range is not out of the question."
Chao explains the reasoning behind this is due to a “tipping point” in the adoption of cryptocurrencies. He explains that in previous cycles, Bitcoin has risen in conjunction with many altcoins. This time, however, there has been far less correlation, signifying that people are differentiating between coins they trust, resulting in more inflows into Bitcoin.
: "If you look at historical patterns you are probably looking at new highs at least for bitcoin in the $50,000-100,000 range." - Gin Chao, @Binance Strategy Officer. Check out the full interview at: 
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Naeem Aslam, chief market analyst at Think Markets recently made a similar prediction. Aslam cites Bitcoin 242-day moving average, stating that if the currency can stay above this, BTC can go as far as $60,000 to $100,000 in the next bull run.

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