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Trader and crypto analyst Alessio Rastani believes Bitcoin (BTC) is entering the final stage of the current bull market, which will propel the leading cryptocurrency to a $100,000 price target.
Meanwhile, popular Crypto analyst TechDev shares a chart suggesting Bitcoin will pump 900% this year as it did in 2013 and 2017 taking us to $370,000 per BTC this cycle.
“Diving further into the biweekly RSI channel, we see Bitcoin had a very significant break. Both times it bounced off the 1.272, it then broke the RSI channel EQ. This led to a 900% pump in 2013 & 2017. 900% in 2021 gives us 370K. Unlikely imo, but a massive move is coming.”
In other trending Bitcoin News today: A Grayscale Bitcoin Spot ETF Could Be Right Around the Corner.
We could have the first spot Bitcoin ETF on the market near the end of this year, as Grayscale intends to file for SEC approval for its product by “early next week,” according to CNBC.
The official Grayscale filing will kick off a 75-day review period for the SEC to either approve or deny the proposed spot Bitcoin ETF, a first of its kind, physically-settled, bitcoin financial product.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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