Daily Trade News

Boom or bust? Is there a way for Bitcoin price to hit $100K in 2022?



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The internet is filled with (BTC) price forecasts. For example, some analysts believe that the flagship crypto will hit $1 million per coin in the next 10 years, while others think BTC price will eventually drop to zero.

Without dwelling on predictions that are five or more years ahead of us, let us focus on what Bitcoin could do, say, in the next six months?

weekly price chart. Source: TradingView
Bitcoin quarterly returns. Source: Coinglass
weekly price chart. Source: TradingView
Fiat currencies versus Gold since 1900. Source: VOIMA
BTC/USD six-month market cap chart featuring $100B+ in rallies. Source: TradingView
M2 money supply weekly chart. Source: TradingView
Bitcoin addresses with a non-zero BTC balance. Source: Glassnode