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Bitcoin Price Approaching 55k — Will It Reach 100k Soon? By CoinQuora

by Mike Robinson

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© Reuters. Bitcoin Price Approaching 55k — Will It Reach 100k Soon?
  • Price is quickly approaching $55k.
  • Analysts think it will reach the $100k mark by year’s end.
  • Bitcoin is currently trading at $54,028.77

BTC’s price is currently trading close to hitting the $55k level. It is a clear signal to all crypto-believers. The crypto community is still unsure if the bull run has ended. Bitcoin prices seem to have an answer.

Based on Bitcoin’s current performance, analysts believe that BTC’s price would soon double to $100k. BTC is also expected to surpass $100k if the bullishness continues.

Bitcoin is trading at $54,028.77 with a 24-hour volume of $48,104.804,285. Coingecko also shows that the crypto’s flagship is currently up 8.8%. The threshold price of $1,023,445,123.707 represents its market cap. These historical numbers still keep Bitcoin the top crypto on the market.

Amid Bitcoin’s current bullish mode, Lark Davis has also come out with a scenario showing a stock-to-flow model for BTC. The model predicts that Bitcoin could rise to $135k in December.

If Bitcoin continues to show bullish trends, it would be no surprise for the crypto community to see Bitcoin reach $100k.

Continue reading on CoinQuora

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