Bitcoin in the coming days can easily reach the 100,000 USD mark and continue to grow - up to 300,000 USD in the current growth phase, according to experts. At the same time, technical corrections are practically not excluded, which in the absence of serious negative factors will be bought out.
"The cryptocurrency only needs to rise 13% to capture an important psychological level. Now there is quite strong interest from institutional investors, which supports the upward trend”, says BitRiver financial analyst Vladislav Antonov.
The increase in the price of the cryptocurrency is due to several factors, added the director of strategy of the investment company Finam Yaroslav Kabakov. Donald Trump's promises play an important role, including ambitious plans to transform the US into a global cryptocurrency hub and a major overhaul of the SEC's current regulatory policies. He also promised to create Bitcoin reserves.
Increased investor attention to cryptocurrency is also due to the fact that during periods of geopolitical crises, Bitcoin and stablecoins are often considered a potential “safe” active Investors often look for ways to diversify and protect against volatility in traditional markets, Kabakov also explained.
Once the 100K zone is crossed, there could be a major reallocation of capital from the stock market to Bitcoin and Ethereum. In this case, the price of the first cryptocurrency will probably continue to move towards 160,000 USD. The maximum goal of the current growth phase is USD 300,000, according to BitRiver.
At the same time, a cryptocurrency correction is inevitable. “The more the price goes up, the more it will adjust. The likely range is a reduction of 10% to 20%. Within a bull market, this is a normal movement and is usually quickly bought out if there is no sharply negative news background, for example in the field of regulation,“ says Vladislav Antonov.
The fact that Bitcoin will continue to grow above USD 100,000 with possible short-term fluctuations under the influence of political and regulatory news is also believed by the investment company Finam. "In the long term, Bitcoin is seen as an asset with high growth potential, especially in the context of geopolitical instability in many countries and the growing role of digital assets. The increase in turnover and liquidity in products such as DeFi (decentralized finance) and stablecoins is expected to contribute to the stabilization and growth of the popularity of cryptocurrencies among a wide audience“, noted Yaroslav Kabakov.
However, it is worth considering the high volatility and regulatory risks. “Cryptocurrency markets are extremely susceptible to political and economic events. For example, regulatory changes, especially from large economies such as the United States and China, can have a significant impact on the market. Thus, the decisions of the US Securities and Exchange Commission (SEC) on the status of cryptocurrencies and legal requirements are immediately reflected in prices,” IC also told Finam.