{"id":659123,"date":"2024-12-08T08:00:41","date_gmt":"2024-12-08T08:00:41","guid":{"rendered":"https:\/\/ktsl888.com\/?p=659123"},"modified":"2024-12-08T06:24:09","modified_gmt":"2024-12-08T06:24:09","slug":"bitcoin-nears-100000-market-expert-predicts-200k-surge-amid-retail-fomo-and-volatility","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-nears-100000-market-expert-predicts-200k-surge-amid-retail-fomo-and-volatility\/","title":{"rendered":"Bitcoin Nears $100,000: Market Expert Predicts $200K Surge Amid Retail FOMO And Volatility"},"content":{"rendered":"

The Bitcoin (BTC) price held just below $100,000 at the week’s end, falling 7% to roughly $91,000 on Thursday. This <\/span>milestone <\/span><\/a>has inspired speculation about Bitcoin’s short, medium, and long-term behavior in the face of increased market volatility.\u00a0<\/span><\/p>\n

Expert Predicts Bitcoin Could Reach $200,000<\/span><\/h2>\n

According <\/span><\/a>to market expert VirtualBacon, while the $100,000 level is noteworthy, it does not represent the pinnacle of Bitcoin’s potential. He refers to the current phase as the “thrill stage,” in which retail investors are motivated by fear of missing out (FOMO) and media hype.<\/span><\/p>\n

Although Bitcoin’s march to $100,000 may not indicate an early entry point, VirtualBacon predicts it will eventually hit $200,000, citing past price cycles.<\/span><\/p>\n

However, the expert cautions that investors should be prepared for 20% to 30% corrections, but he remains confident about Bitcoin’s long-term potential.\u00a0<\/span><\/p>\n

Related Reading: XRP Price Marks $2.13 And $2.92 As Primary Fibonacci Levels, What Happens When Wave 2 Begins?<\/a><\/div>\n

Regarding the present bull run’s longevity, VirtualBacon alludes to<\/span> previous cycles <\/span><\/a>that show major price increases often last 6 to 10 months. He observes that previous bull runs often peaked 6 to 10 months after important milestones, such as Bitcoin’s halving events.<\/span><\/p>\n

VirtualBacon also drew comparisons between Bitcoin’s latest breakthrough of the $100,000 milestone and its initial breach of the $10,000 level in 2017, which resulted in a quick doubling of the price within 20 days.<\/span><\/p>\n

If history repeats itself, the analyst believes that the Bitcoin price might skyrocket to $200,000. However, if the price <\/span>consolidates <\/span><\/a>around $100,000, it could signal a sustained bull run, which would be beneficial to altcoins.\u00a0<\/span><\/p>\n

Ethereum: A \u2018No-Brainer Investment\u2019<\/span><\/h2>\n

While the euphoria surrounding Bitcoin’s surge above $100,000 is apparent, VirtualBacon emphasizes that the real potential are in <\/span>altcoins<\/span><\/a>. <\/span>He believes that when Bitcoin consolidates, altcoins will certainly take center stage. <\/span>Ethereum <\/span><\/a>(ETH), in particular, is outperforming Bitcoin, predicting an upcoming altcoin season.<\/span><\/p>\n

During past cycles, Ethereum outperformed Bitcoin by a factor of 2.5. If Bitcoin reaches $200,000, VirtualBacon predicts that Ethereum may grow to $15,000, indicating a fourfold increase.\u00a0<\/span><\/p>\n

Related Reading: Analyst Confirms Ethereum Golden Cross As ETH Surges Past $4,000 \u2013 Is Altseason In Sight?<\/a><\/div>\n

Interestingly, VirtualBacon considers Ethereum a “no-brainer investment” at this time, citing its “significant undervaluation” and ability to generate at least a 3x return, with realistic <\/span>price targets r<\/span><\/a>anging from $10,000 to $12,000.\u00a0<\/span><\/p>\n

Finally, VirtualBacon advised monitoring Bitcoin’s performance in relation to its 200-day exponential moving average. He expects the bull market to continue until late 2025, creating several possibilities for wise investments.<\/span><\/p>\n

\"Bitcoin\"
The daily chart shows BTC’s price volatility experienced over the past 48 hours and the cryptocurrency’s consolidation just below the $100,000 mark. Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

At the time of writing, the largest cryptocurrency on the market, BTC, was trading at $99,670, up 3.2% on the week. Over longer time frames, Bitcoin still shows significant gains of over 31% and 129% on a monthly and year-to-date basis, respectively.<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Bitcoin (BTC) price held just below $100,000 at the week’s end, falling 7% to roughly $91,000 on Thursday. This milestone has inspired speculation about Bitcoin’s short, medium, and long-term behavior in the face of increased market volatility.\u00a0 Expert Predicts Bitcoin Could Reach $200,000 According to market expert VirtualBacon, while the $100,000 level is noteworthy, it does not represent the pinnacle of Bitcoin’s potential. He refers to the current phase as the “thrill stage,” in which retail investors are motivated by fear of missing out (FOMO) and media hype. Although Bitcoin’s march to $100,000 may not indicate an early entry point, VirtualBacon predicts it will eventually hit $200,000, citing past price cycles. However, the expert cautions that investors should be prepared for 20% to 30% corrections, but he remains confident about Bitcoin’s long-term potential.\u00a0 Related Reading: XRP Price Marks $2.13 And $2.92 As Primary Fibonacci Levels, What Happens When Wave 2 Begins? Regarding the present bull run’s longevity, VirtualBacon alludes to previous cycles that show major price increases often last 6 to 10 months. He observes that previous bull runs often peaked 6 to 10 months after important milestones, such as Bitcoin’s halving events. VirtualBacon also drew comparisons between Bitcoin’s latest breakthrough of the $100,000 milestone and its initial breach of the $10,000 level in 2017, which resulted in a quick doubling of the price within 20 days. If history repeats itself, the analyst believes that the Bitcoin price might skyrocket to $200,000. However, if the price consolidates around $100,000, it could signal a sustained bull run, which would be beneficial to altcoins.\u00a0 Ethereum: A \u2018No-Brainer Investment\u2019 While the euphoria surrounding Bitcoin’s surge above $100,000 is apparent, VirtualBacon emphasizes that the real potential are in altcoins. He believes that when Bitcoin consolidates, altcoins will certainly take center stage. Ethereum (ETH), in particular, is outperforming Bitcoin, predicting an upcoming altcoin season. During past cycles, Ethereum outperformed Bitcoin by a factor of 2.5. If Bitcoin reaches $200,000, VirtualBacon predicts that Ethereum may grow to $15,000, indicating a fourfold increase.\u00a0 Related Reading: Analyst Confirms Ethereum Golden Cross As ETH Surges Past $4,000 \u2013 Is Altseason In Sight? Interestingly, VirtualBacon considers Ethereum a “no-brainer investment” at this time, citing its “significant undervaluation” and ability to generate at least a 3x return, with realistic price targets ranging from $10,000 to $12,000.\u00a0 Finally, VirtualBacon advised monitoring Bitcoin’s performance in relation to its 200-day exponential moving average. He expects the bull market to continue until late 2025, creating several possibilities for wise investments. At the time of writing, the largest cryptocurrency on the market, BTC, was trading at $99,670, up 3.2% on the week. Over longer time frames, Bitcoin still shows significant gains of over 31% and 129% on a monthly and year-to-date basis, respectively. Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":650794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,485,656,679,755,1119,1122,1144,78790,6664,26263,14690],"class_list":["post-659123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-chart","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-technical-analysis","tag-btc","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nBitcoin Nears $100,000: Market Expert Predicts $200K Surge Amid Retail FOMO And Volatility<\/title>\n<meta name=\"description\" content=\"The Bitcoin (BTC) price held just below $100,000 at the week's end, falling 7% to 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Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. 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