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25 June 2024
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Ethereum

BTC: Bitcoin Could Hit $100,000 in the Next 10 Days, Says Analyst

Bitcoin (BTC) is currently trading around the $67,000 mark on Tuesday and is looking to climb above the $70,000 threshold. The leading cryptocurrency is holding on to its resistance level and barely dipped in the charts this week. Its price is consolidating and a leg-up from here to take it above the $70,000 target.

A leading cryptocurrency analyst has made a bold forecast and predicted that Bitcoin could hit $100,000 in the next 10 days. The analyst explained that a bull run is around the corner that could push BTC prices up in the charts.

Also Read: Cardano Blockchain To Receive Major Node Upgrade in June 2024

Bitcoin Price Prediction: BTC To $100,000 in the Next 10 Days

bitcoin btc bull run moon rocket
Source: news.bitcoin.com / Shutterstock

Leading pseudonymous cryptocurrency analyst ‘CrediBULL Crypto‘ explained to his 396,000 followers on X that Bitcoin might hit $100,000. The tentative timeline for BTC to reach the $100,000 price target is within the next 10 days, he said.

Also Read: Dogecoin: When Will DOGE Breach Its All-Time High of $0.73?

That’s an uptick and return on investment (ROI) of approximately 50% from its current price of $67,000. Therefore, an investment of $10,000 could turn into $15,000 if the forecast turns out to be accurate. All this within the next 10 days in Bitcoin, according to the analyst’s bold forecast.

Also Read: US Dollar or Chinese Yuan: Which Currency Is Realistically Stronger?

“Downside now limited to $60,000 (invalidation) and realistically no lower than $62,000-$63,000 (if that) with a high likelihood that this level gets front run as well. I give it about seven-10 days before we absolutely giga-send BTC. Target: $100,000+” he tweeted.

However, a 50% rise in the next 10 days seems unlikely and needs to be taken with caution. The cryptocurrency market is highly volatile and cuts both ways delivering massive losses to investors. There is no guarantee that Bitcoin could climb above the $100,000 mark in the next 10 days. It is advised to do thorough research before taking an entry position into BTC currently and trade at your own risk.

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