Crypto analyst Ash Crypto has outlined several reasons why the Bitcoin price is poised to reach $100,000 by the end of the year. This price level is one that other market experts like Standard Chartered have predicted that the flagship crypto could hit even before year-end. Why The Bitcoin Price Can Reach $100,000 By Year-End Ash Crypto stated in an X post that the answer to whether Bitcoin will reach $100,000 in the fourth quarter of this year lies in the past halving cycles. He noted that BTC usually goes through a consolidation phase of around six months after each halving. In 2016, the flagship crypto is said to have witnessed 161 days of consolidation before a price breakout. Meanwhile, in 2020, Bitcoin recorded 175 days of consolidation before its price broke out. Related Reading: ‘FLOKI Master Plan’: Crypto Analyst Predicts 2,000% Jump For The Shiba Inu Competitor In line with this, Ash Crypto noted that the flagship crypto has consolidated for 161 days since the Halving event in April earlier this year. Therefore, the analyst claimed that there is a high probability that the Bi ..
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