Tuesday, December 7, 2021
Home Crypto News Analysis Fundstrat Strategists: Bitcoin Is Likely To Test $90,000

Fundstrat Strategists: Bitcoin Is Likely To Test $90,000

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After hitting a new all-time high, Bitcoin will likely test $90,000, Fundstrat strategists believe.



Bloomberg has reported that Fundstrat’s strategists have shared the bullish path that the BTC is likely to take next.

They believe this uptrend could lead Bitcoin to test the $89,000 to $ 90,000 price mark.

In its report on Wednesday, Fundstrat said that after breaking the $65,000 level, Bitcoin will likely test $72,500 first and then test $89,000.

Fundstrat wrote:

“Initial upside targets for Bitcoin above $65,000 lie near $72,500, then $89,000, and thought to be definitely within reach on this breakout of former peaks.” 

 

Bitcoin hit a new all-time high of $66,930 earlier this week. The rally came in anticipation of the BTC ETF’s launch, followed by its actual launch by ProShares on the New York Stock Exchange.

Also, major crypto holders, widely known in the market as whales, have bought Bitcoin and moved it from the exchanges to their cold wallets for long-term storage.

Many experts believe Bitcoin to reach $100,000 by the end of 2021.

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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