According to trader Dmitry Lavrov, the crypto market at the moment looks optimistic, since the first cryptocurrency aims to update its all-time high
TradingView analyst and trader Dmitry Lavrov tweeted that Bitcoin has opened the way to a new all-time high. According to Lavrov, now nothing prevents the first cryptocurrency from reaching $ 100 thousand, since the coin has already overcome the key resistance. At the moment, the cryptocurrency market looks optimistic, the analyst added.
Yesterday, the cost of bitcoin for the first time since mid-May exceeded $ 55.5 thousand. On October 7, the asset is traded at $ 54 thousand, and its capitalization is $ 1 trillion.
At the end of August, PlanB analyst, author of the Stock-to-Flow (S2F) model, predicted that the price of bitcoin will reach $ 100 thousand by the end of this year. According to the analyst, the next months will be key for the course of the main cryptocurrency.
Also in August, Bitcoin's price rise to $ 100 thousand this year was predicted by Blockstream CEO Adam Back. In his opinion, the price of the first cryptocurrency in the long term will grow to $ 500 thousand.