Here’s Why Bitcoin Could Easily Surpass $100,000 in the Coming Months

After the 2021 crypto bull market, Bitcoin and the wider digital asset landscape saw increased mainstream acceptance.

Yet, this growth was followed by almost two years of market declines, with several prominent assets facing significant losses.

Recently, however, the crypto market has shown signs of a comeback. As Bitcoin surged past $89,000, there’s renewed optimism and a growing sense of FOMO (fear of missing out) among investors who sense an approaching rally.

#Bitcoin momentum is really STRONG. Apparently, it has entered the Parabolic Phase 🔥$BTC might exceed our expectations in both time and price levels 🚀🚀
✅ Base 2 gradually leveled up from Base 1.
✅ Since then, HUGE momentum has driven a Parabolic Uptrend at the current… pic.twitter.com/XbQbzhtgNm

— Trader Tardigrade (@TATrader_Alan) November 12, 2024

Currently, Bitcoin is in a strong upward trajectory, with notable price jumps from its prior levels. Analyst “Trader Tardigrade” suggests that Bitcoin might consolidate around $100,000, creating a new base, with potential to climb to $180,000 and eventually $250,000 at the peak of this bull run.

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Looking further ahead, Bitcoin’s established four-year cycle of alternating bull and bear phases is anticipated to continue through to 2030. While short-term fluctuations are expected, this cyclical pattern may keep Bitcoin on a generally upward path, with each cycle reaching higher lows.

With this structure in mind, Bitcoin’s long-term outlook remains promising, and projections suggest the asset may reach unprecedented price levels in the years ahead.

Alexander Zdravkov