Can Bitcoin reach or cross $100K by this year end

Currently, the price of Bitcoin is moving around 63,000 US dollars whereas a couple of weeks before the price was close to 50,000 US dollars. August month was not so great for Bitcoin and the overall crypto market because we saw a bigger crash however the recovery was also faster. Some people were expecting that Bitcoin would break $50,000 support but that did not happen and instead, its price was recovered in a very short period.

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Now if we look at the overall market and Bitcoin price then it looks like it is in the stable range because we cannot see a big fluctuation on the price but at the same time can we say that it is getting ready to cross one 100K this year? Well, this is expected and might happen as well because the people who are experts in technical analysis are saying that. It is a kind of market where anything is possible so we can't deny the possibility but maybe this happens soon or maybe in the next year which is completely unpredictable.

Now let's check out the price for Bitcoin and also its price chart for the last year where you will see that the prices have been pretty good and going upward overall. It has also crossed $70,000 price this year which has broken the last all-time high price. This is something that we should not ignore because this can be a possibility once again and if this happens with good support in the market then it will not be difficult for Bitcoin to move closer to this price which I am talking about and it is 100,000 usd.

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I still believe that buying Bitcoin at this price can be a good idea but the long-term approach must be followed because it is a market and not every time things can go in the same direction that we are expecting. I hope Bitcoin turns out to be bullish and crosses this price milestone and we can even expect 125K in the next couple of months which will surely bring more boost to the overall crypto market.

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