A crypto analyst has maintained a strong bullish stance for Bitcoin (BTC), predicting that the pioneer cryptocurrency is heading towards a fresh all-time high of $100,000. The analyst has shared several factors that could propel Bitcoin to this lofty price target. Bitcoin To Hit $100,000 In 2024 On July 19, crypto analyst Scott Melker, also known as “The Wolf Of All Streets” on X (formerly Twitter), informed his 958,300 followers that he was extremely bullish on Bitcoin’s potential for a future price increase. The analyst emphasized his long term optimistic stance and investment on Bitcoin, highlighting that this bias keeps him generally bullish on the cryptocurrency’s price outlook. Related Reading: Can Burns Send The Shiba Inu And LUNC Price To $0.01? Expert Chimes In According to Melker, Bitcoin’s current market cycle was uniquely different from others. He revealed that in past cycles, the market was swung between overly pessimistic and overly optimistic narratives. However in the current market conditions, mostly positive and tangible narratives about Bitcoin are coming true. Melker also highlighted several factors that will contribute to Bitcoin’s bull ..
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