Is Bitcoin Going To Breach $100k in 2021?

Written by cryptobadger | Published 2021/08/07
Tech Story Tags: cryptocurrency | bitcoin | investing | btc | bitcoin-spotlight | hackernoon-top-story | bitcoin-price | bitcoin-maximalism | web-monetization

TLDR Bitcoin's price kept going down from mid-May until a few days ago when it finally broke the downtrend. Bitcoin has been struggling to have a clear break out above 20-day SMA since mid-June. Bitcoin’s market cap is just under 750 billion USD at the current price (circa 40k at the time of writing) At the current market cap, Bitcoin's current price is around 40k. To reach around 100k per coin, we need the price to increase x2.5, which would take the market cap to almost 2 trillion USD.via the TL;DR App
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Written by cryptobadger | Crypto/NFT/web3 content creator and educator. Founder of Crypto Like A Pro.
Published by HackerNoon on 2021/08/07
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