The year 2022 has given a rocky start to Bitcoin. We see the currency struggling at 30K USD when the same coin touched 70K USD in November 2021. However, if you believe the experts, it is expected to touch 100K USD by this year. The recent days have seen some rise in the currency, taking it to 31K USD. Experts feel that it will gain another 2K USD in the market. If you check the upcoming data, it will surpass the expectations.
You can find the probability that digital assets can benefit from becoming more positive about it. Experts feel a growing price pressure for the coin that would remain on the constant rise. It is noteworthy to check how Bitcoin is expected to bounce back in the coming days reaching that prominent figure. We will discuss it here in this article, while you can find on the helpful site the reasons to care about bitcoin taproot. Now, we take our moot topic further in the following paragraphs:
How is the 100K USD surge possible despite having no intrinsic value?
We see Bitcoin returning to its original aura. We can find many places where it has gone to 30K USD handle while the other coins like ETH are now gaining good traction above 2K USD. If you find the upcoming data proving to surpass the given expectations, there are still fewer digital assets that can benefit the best in an optimistic outlook. We can see too much price pressure now adding to the market that has given a good rise. Experts like T D Cost, a top-level analyst at DailyFX, claim that the price pressure will soar, and we see a constant resumption of the currency. It will lead the coin to reach the next level.
Many investors are now combating their concerns regarding the inflation seen in the market. Thanks; to the growing geopolitical tensions in the market that have kept the market intact and helped in the recent months. You can also make it intertwined with several global economic factors.
As you see, there is no end to the sight of issues like the war, inflammation, and shifting of the monetary policies to the US, and we can have less volatility in recent months. BTC has gone down in earlier months. It was at 45K on Jan 22, while it was close to 34K USD by the end of May. With the recent roller coaster ride of the currency’s price, the current price of Bitcoin is going a long way. However, despite the decline, Bitcoin remains more valuable than any other number and can gain something new now.
The passing phase
For Bitcoin going all time down is not a new phenomenon. Looking at 2021, we can see the coin falling during the summer months when it reached 30K USD. The same currency got an excellent boost later in October and November, which touched 70K USD. However, with the recent decline in the price, BTC has become more valuable than twice the value it has come years before.
For Bitcoin, we can undoubtedly call such a roller coaster ride of the coin, not a new phenomenon. Despite the currency reaching a slumping price, several experts feel that Bitcoin is still passing the 100K USD mark. However, you may find some diverse opinions in this regard, yet most experts think achieving 100K USD in the next few months is possible. Therefore, Bitcoin is a passing phase since you find them coming again.
The BTC price predictions
Predicting the previous year’s 100K USD BTC price has become too simple. It came up as per the latest all-time high in November. The significant fall in Bitcoin can help predict the same game that seems to be trickier. Some extreme crypto skeptics claim that Bitcoin will go down first and then rise.
Despite different routes linked with Bitcoin growth, we feel the coin will touch 100K USD by 2022. We see many souls in the crypto domain predict this figure. They expected to see it during the first quarter but have shifted it to the last quarter. Many experts are not giving the exact number or date about the growth, but they are confident that sooner or later, BTC will earn the value of 100K USD. It is an expected threshold, and you have to wait and watch!
