Kraken: Bitcoin price is expected to exceed $100,000 by the end of this year

The cryptocurrency trade Kraken predicts that by the top of this 12 months, Bitcoin will rise to just about $100,000, and it could even exceed this threshold. In its report “October 2021 Market Evaluation and Outlook”, Kraken defined its bullish forecast with previous occasions. It identified that the fourth quarter is often a really profitable interval for Bitcoin. Subsequently, if Bitcoin replicates the worth improve in 2017, it could attain $96,355 by the top of the quarter. “Assuming that BTC continues to comply with within the fourth quarter of 2017, we count on that BTC will rise additional on the finish of the month. In some instances, a 220% return within the fourth quarter of 2021 implies that the worth of BTC could also be US$96,355.

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