Why Bitcoin Could Be Far From $100,000, Says Fidelity Analyst

HeadlinesNewsWhy Bitcoin Could Be Far From $100,000, Says Fidelity Analyst

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Why Bitcoin Could Be Far From $100,000, Says Fidelity Analyst

NewsBTC3 days ago
Published on October 13, 2021 23:16 GMT+00:00edited on October 14, 2021 17:59 GMT+00:00

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The bulls are back in control after a brief drop in the price of Bitcoin. The first cryptocurrency by market cap trades north of $57,000 with a 2.5% and 11.1% profit in the daily and weekly charts, respectively.

BTC on a rally in the daily chart. Source: BTCUSD Tradingview

The general sentiment in the markets it’s bullish, as operators and traders expect Bitcoin to fulfill its historical performance. BTC’s price usually tends to trend to the upside as the year comes to an end.

Related Reading | Bitcoin Price Prepares To Blast Off Back Into RSI “Bull Zone”

Bitcoin is trading less than $10,000 away from its all-time high at $64,870 and it could run into uncharted territory if, as the Director of Macro for Fidelity Jurrien Timmer said in an interview with CNBC, short-term holders FOMO into …