Bitcoin fell into a brief adjustment after hitting a new all-time high on Wednesday, but strategists have set a higher target for the next round of Bitcoin’s rise, $90,000 or even $100,000.
New York investment agency Fundstrat wrote in a report on Wednesday that Bitcoin’s target price after breaking through $65,000 will be around $72,500, and then it will rise to $89,000.
In a recent interview with the media, BitMEX CEO Alexander Hoptner also predicted that Bitcoin is expected to reach $100,000 by the end of this year.
Katie Stockton, founder of Fairlead Strategies, said on Monday (before Bitcoin hits a record high) that Bitcoin’s breakthrough to new highs provides a positive trend for it. According to forecasts, the target price of this cryptocurrency should be $89,800.
There are many reasons for Bitcoin to continue to hit new highs. On the one hand, investors have widely bought Bitcoin futures ETFs and institutional investors have continued to invest in cryptocurrency assets. On the other hand, cryptocurrency investors called “whales” may choose to buy heavily.