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Bitcoin (BTC) Price to Hit $100,000 in Two Years: Trader’s Opinion

As Bitcoin continues trading below $7,000, on April 1 the price suddenly pumped eight percent, surging from $6,221 to $6,661 in a massive green candle.
Last year, at about the same time, Bitcoin skyrocketed more than twenty percent, hitting $5,000 for the first time in several months and later on, in June, it reached a high of almost $14,000.
Now, with the BTC halving forty-one days away, traders are making short-term predictions, while some are looking two-three years ahead.
One of them is predicting that, after the halving, Bitcoin may require a couple of years to reach an all-time high of $100,000.

100,000 USD on the table

Trader ‘Moiseiev_Yurii’ from TradingView has shared a long-term forecast, saying that he expects Bitcoin to reach the $100,000 level by the end of 2022.
Image via TradingView
The reasons he offers are as follows:
“- Price made 5 waves upward from 2011 year
- Now Price trades in ABC formation from 20.000 $ per BTC
- Possible end of wave C is Key Level 1100 $ per BTC
- When price will finish ABC formation then price will start new 5 waves upward
- Possible targets in this case can be round number which everyone is waiting for is 100,000 $ per BTC”

‘$5,000,000 per coin’

Trader @TheMoonCarl has gone even further in his bullish sentiment and stated that, with the halving approaching and the financial system being in a massive crisis, the price of Bitcoin may well hit as much as $5 mln – that’s five times more than John McAfee’s famous bet on which he promised to eat his own privates, but later went back on.

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Bitcoin needs to break $6,900-$7,100

Analyst Michael van de Poppe believes that in order to resume the bullish trend, Bitcoin needs to flip the $6,900 level, after which it will be able to reach $8,000.

Yikes, also stopped out on the short.

Saw everyone stating 'I'm short' last night, got scared a bit.

The view?
Strong move there, flipping $6,350-6,400 and we can attack the highs again.

Still clearly has to break the red zone and FLIP it to become bullish imo.
View image on TwitterView image on Twitter
So, in general the view is not changed, just out of the trade.

Attacking the highs and I'm going to see how we'll react $6,900-7,100 area.

Breaking and flipping = bull -> $7,800-8,000.

You win some, you lose some. On to the next opportunity.
See Crypto Michaël's other Tweets

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