A digital currency will rise by 150,000 thousand dollars

They stumble, stagnate, or even record violent declines that may reach the point of collapse.. However, so far, it is still the most established reality in the cryptocurrency market.

While Bitcoin is struggling near the $43,000 levels, optimists are still insisting that Bitcoin will reach $100,000 and possibly $200,000.

Very bad news

Bitcoin for 100 thousand

Hongfang, CEO of popular cryptocurrency exchange OKCoin, has revealed that she believes it is “reasonable” for the main cryptocurrency to reach $100,000 in the long term.

Although, in the short term, she admitted that many market factors influence cryptocurrency.

Fang said the Bitcoin network "has no protocol risks" and that as long as it is maintained it is "very optimistic about the origin itself."

Urgent: a sudden drop.. but

Fang said that while there are a lot of elements, she sees in the long-term that $100,000 is achievable with the potential for the cryptocurrency to rise.

"I still think the $100,000 price point is reasonable, but the timing may be a bit off as we are at the mercy of market dynamics," added Fang.

The CEO noted that short-term leveraged products and derivatives could significantly impact the price of the major cryptocurrency while other assets “will compete for capital within the crypto space.”

A thunderous descent...a thunderous rise $200,000

According to Bloomberg analyst Mike McGlone, who described in the January issue of Bloomberg Crypto Outlook the central bank's plan to raise interest rates this year as a "win-win scenario for Bitcoin versus the stock market".

McGlone noted that the S&P 500 is currently the most extended above its 60-month moving average in more than two decades, while reiterating his forecast for Bitcoin reaching $100,000.

Bitcoin Foundation president and billionaire investor Brock Pierce said one catalyst could push the price of Bitcoin to $200,000 this year.

Pierce focuses mostly on the external influences shaping the price of bitcoin and adding financial uncertainty in the global financial system could be the "primary driver" of the currency.

While the co-founder of crypto lending platform Nexo has predicted that the price of BTC will reach $100,000 by mid-2022 due to the impact of institutional treasuries and an influx of cheap money from the Federal Reserve.

Urgent: Ban and Freeze

Bitcoin now

And the bitcoin rose during those moments of trading today, Sunday, within the range of 1%, reaching levels near 43 thousand dollars, while it fluctuates between the levels of 41.4 thousand dollars and 43.8 thousand dollars.

On the other hand, Bitcoin compensated most of its losses within a week, rising by 3%, while the largest digital currencies are still within 10% of the beginning of the year.

The market capitalization of Bitcoin is now $817 billion, while according to the Crypto Dominance Index, which is worth $2.074 trillion, Bitcoin holds 39.4%.

Urgent: shocking news

Urgent: A digital currency rises 120000% in an instant .. 3 zeros were deleted

The article does not express a recommendation or nomination, but rather a mere monitoring of market fluctuations, as trading in digital currencies involves high risks, including the risk of losing some or all of the investment amount, knowing that it is not completely subject to financial authorities and markets.

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