BTC Price To $100,000k This September! Bitcoin To Hit Its 9-year Support For A Massive 200% Surge!

The post BTC Price To $100,000k This September! Bitcoin To Hit Its 9-year Support For A Massive 200% Surge! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

  The crypto-sphere’s sentiments have been ebbing in view of a bear run to the south. As a result of which, the sentiments continue to tremble in extreme fear. The fear and greed index is now at extreme fear, with a score of 23. The market cap of the industry is now hovering around $1.81 T. 

Successively, in view of the incoming turbulence, an industry proponent sheds light on BTC’s projections on the lower time frame. Highlights BTC price inching closer to the levels around $21k to $23k. On the contrary, things on the higher-timeframe suggest BTC hitting its 9-year support. Which could open doors to its >200% run to ATH.

Will A Volatile Week Compel BTC To Bog Down To Historic Lows?

  An industry proponent sheds light on Bitcoin’s price trajectory on the lower time frame. He cites that, “it seems like BTC is doing 1-2, 1-2 to the downside. This means that wave 3 will be extended and the target of 21k-23k is more likely.” The protagonist further cites that heat maps are also showing supply at top of wave C. 

Conversely, the possibility of a pullback cannot be ruled out. Things on the higher time frame instil optimistic hopes of a bullish run. A crypto savvy cites that, each time BTC hits its 9-year support. A dynamic target is hit in not more than 305 days. He further cites that it was hit in January this year and that we are still there.

Learning from the chart, BTC finding its peaks has been evident on the charts. In 2016, BTC had seen a spike of 245.86% in a maximum of 305 days. Where the volumes were at 9.644 M. Later in 2019, BTC price rose to 133.43% in just 120 days, where the volumes were a healthy 5.586 M. 

Successively, coming to a recent spike of 258.84% in 2021. The time frame was of 245 days, where the volumes were at 10.481 M. The proponent now expects a surge of over 211.6% in 243 days, with a relatively low volume of 1.707 M. Wherefore, the moonish run could occur around September this year, taking BTC price to its 6-digit milepost.

Concluding, although we can expect a major pullback in the short term. A number of announcements, enactments, and indicators have been favouring the bears. That said, Bitcoin will eventually buckle up, to stand true to its historic projections. Which could open the doors to its 6-digit price target. Moreover, factors like supply crunch will be supplemental in its trajectory.