7 Strong Reasons Bitcoin Will Hit $100,000 – Bitcoin Future Price
Is bitcoin a bubble which burst ? What is bitcoin future price for upcoming years ? Will bitcoin hit $25,000 in 2018 ? Will bitcoin hit $100,000 in 2022 ? is it safe to invest in bitcoin? what is bitcoin price prediction for upcoming years and months? What is bitcoin price prediction 2018 ?
There are a lot of questions about bitcoin future price. So i’ll try to give you answers of all asked questions.
Our analysts deeply researched and analyzed bitcoin market and provide us some reasons about bitcoin price bullishness.
I’ll state 11 reasons that why bitcoin will hit $100,000 in coming years.
1) Top Bitcoin Price Predictions By Experts
According to some analysts bitcoin is a bubble which burst. Some said bitcoin follow a pattern and bitcoin price increase with that pattern (structure). Max Kiser is one of the most famous bitcoin expert. He also thinks bitcoin follow a specific pattern. In a twitter post he share bitcoin pattern which makes sense. Pattern is totally understandable and logical.
Pattern is clearly showing that bitcoin price increased with a spcial pattern. First bitcoin price increase then dropped little, again bitcoin price increased and bitcoin made a new high. Again BTC crashed and made a new high. As you can see BTC is continuously following this pattern.
If Max Kiser is right then definitely bitcoin will hit $100,000 in future.
Moreover Thomas Lee, Bobby Lee, Trace Mayer, Kay Van-Petersen and John McAfee are also expecting bitcoin price will increase. They predicted that bitcoin may hit up to $100,000 in coming years or months.
2) Cryptocurrency Trading
Cryptocurrency trading is becoming famous day by day to make profit. Many companies are offering trading platform specifically for cryptocurrencies like Bitcoin. One of the most famous company is eToro which is offering bitcoin and other cryptocurrency trading.
But you cannot withdraw bitcoin directly into your wallet. You can use coinbase to do that.
So why cryptocurrency trading is important for bitcoin price ?
Answer is simple. If demand of something will increase then definitely price will increase. If demand will increase price will decrease. This is simple hard core rule.
So bitcoin is first cryptocurrency. If price of cryptocurrencies increase or decrease then definitely bitcoin price will also effect.
Traders are showing their interest in crypto trading than stock trading. So demand of bitcoin trading will increase in future and price will increase in future.
3) Institutes & Companies Accepting Bitcoin
There are a lot of forex brokers which are allowing us to trade bitcoin. Moreover you can deposit in your account by using bitcoin wallet. FXOpen, Bit4x and many other brokers accepts bitcoin deposits. So it is a positive point for bitcoin price. Demand will increase if more brokers will accept bitcoin deposits.
Moreover universities are also accepting bitcoin for courses fee.
France’s Financia business school is offering different financial and blockchain courses. Now recently this institute is accepting bitcoin. Students are enrolling in courses and paying through bitcoin.
Its very important for bitcoin future. As educational institutes are accepting bitcoin, that’s why more demand will increase. Due to high competition in educational institutes in world, every school, university will try to become advance than each other. That’s why they may offer courses with bitcoin fee.
4) Bullish Wave Analysis
Wave analysis are showing that bitcoin trend is overall bullish. Bitcoin price chart is making a very decent ABCDE pattern, according to Elliot wave analysis. As you can see in figure below.
You can see price have successfully completed its A , B and C wave which confirms wave analysis. Now its time for wave D. If demand increase then price will increase and will complete a wave D. But we should enter in trade, or you should buy bitcoin if price completes its all waves, ABCDE.
It if confirmed bitcoin future price is bullish, but price will not grow as fast as shown in image, bitcoin price will make new patterns with time and will grow slowly by following pattern. It will repeat ABCDE patter to reach $100,000.
5) Binance Exchange Influence
Binance is one of the biggest cryptocurrency exchange. Binance exchange allows to buy and sell bitcoin and approximately all other coins. Binance exchange founded in 2017 and “Changpeng Zhao, Yi He” is the founder of binance.
So what is effect of Binance on bitcoin price ?
Binance announced that company will open its branches in UK and Singapore. It will cause of increase in demand of bitcoin. It is clearly indicating that bitcoin future price is bullish. Binance is making buy and sell of bitcoin easy. Moreover you can convert your bitcoin into any other coin with very easy steps.
In future binance will open more branches in other countries too. Indirectly it is increasing interest of bitcoin in people minds and making it easy for people to buy and sell crypto coins online.
So due to competition other exchanges will also open their branches in different counties. Bitcoin and other coins demand will definitely increase.
If binance grows continuously then definitely bitcoin will hit $100,000 in future.
6) Decentralized Nature
Bitcoin is a decentralized digital currency. Bitcoin price do not control by central banks, governments or any third party. Price managed by transparent organizations. Actually there is no any single personality or organization which is controlling bitcoin price.
So simple answer is price is not controllable and it will increase with demand. There is no limit of price. So for sure bitcoin price will hit $100,00 in future.
7) Digital Gold
Actually bitcoin is first digital gold as it is first blockchain. It will not destroy ever. With time price may down but again it will be stable. As gold price increase or decrease but do not destroy, same like that bitcoin price will increase or decrease with time but will never destroy.
People love to carry and save gold, but in this digital and advance world people will like to save bitcoin as digital gold. People thinks it is cool to have bitcoins. So again it can cause of increase in demand of bitcoin in future.
So due to this price of bitcoin may reach up to $100,1000 in future.
Bitcoin Price is following a specific pattern. Price will increase but it need some time. Same like gold bitcoin will favorite of everyone in future. New branches of cryptocurrency exchanges are opening. Cryptocurrency trading is becoming famous day by day and people wants to trade crypto for profit. All these and many other factors will increase demand of bitcoin in future. So with increase in demand price of BTC will also increase up to $100,000 in future.