Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Nostoman on June 06, 2020, 04:41:17 PM
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The price of Bitcoin can reach $100,000 and remain stable there if $90 million worth of BTC is absorbed every day.
Industry executives and famed technical analysts including Morgan Creek CEO Mark Yusko and trader Peter Brandt predict Bitcoin (BTC) to reach $100,000 in the long-term. For that to happen, the top cryptocurrency needs to see consistent accumulation.
According to options trader Theta Seek, for the price of Bitcoin to remain stable at that price point, investors need to invest $90 million in BTC every day.
Source: https://cointelegraph.com/news/90m-daily-what-would-it-mean-to-sustain-bitcoin-price-at-100-000