More

    The Rate Bitcoin Must Climb To Reach $100K By July

    Bitcoin is a numbers game through and through. There are only 21 million BTC. The code and its consensus algorithm are both made up of complex math. The total coins are slashed in half every four years, and so on and so fourth.
    Most important of all, here’s the growth rate Bitcoin price must hit steadily to reach $100K per BTC by July 2021 according to one crypto capital manager – as well as the one thing that could get in the way.
    Bitcoin Price Growth Rate Should Take Crypto Valuation To $100K By July
    Bitcoin’s growth from virtually worthless to more than $60,000 per coin today is nothing short of incredible. Even beyond ROI that is simply incomparable, the story of how the coin came to be reads as if it was ripped from a sci-fi film: Mysterious person takes a shot at all money, and takes no credit for the monumental effort.
    Related Reading | Crypto Analyst Expects “Escape Velocity” When Bitcoin Breaks $60K. Here’s Why
    Satoshi’s creation is now more than a decade old and has grown far beyond most people’s expectations. Over the last year alone, the leading cryptocurrency by market cap has grown at a daily average rate of 0.65% since April, resulting in a nearly a ten times climb in value.
    At the current pace, according to crypto capital manager Timothy Peterson, Bitcoin price would reach $100K by June 30th.

    At only a daily growth rate of 0.64% the top crypto should hit $100K by July | Source: BTCUSD on TradingView.com
    The One Factor That Could Cause BTC To Fall Short Of Target
    Bitcoin price must maintain comparable momentum over the last year to keep climbing at a similar rate and reach more than $100K per coin. The number is now closer to the current price action than $10K is, and thus potentially more achievable.
    Related Reading | Mathematical Mystery: Why Did The Bitcoin Rally Stop At The Golden Ratio?
    Price predictions for the next cycle top reach as much as $400K, with estimates more steeped in reality ranging from $125,000 to $325,000 per BTC.

    The rally could really be over if the historically accurate signal is right again  | Source: BTCUSD on TradingView.com
    There’s a chance, however, the cycle top is in, according to the Pi Cycle Top Indicator. If the historically accurate tool is right yet again, the leading cryptocurrency’s daily growth rate will begin to decline from here on out until another bull market breaks out.
    Bitcoin price wouldn’t make it to $100K by July, and a return to prices much lower would follow. If that’s the case, crypto investors would have to wait a while longer for the number one cryptocurrency by market cap to reach that ultimate target.
    Featured image from Deposit Photos, Charts from TradingView.com

    Related articles

    Comments

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Newsletter

    Subscribe to stay updated.

    bitcoin
    Bitcoin (BTC) $ 49,417.00
    ethereum
    Ethereum (ETH) $ 3,812.73
    binance-coin
    Binance Coin (BNB) $ 576.69
    dogecoin
    Dogecoin (DOGE) $ 0.485437
    xrp
    XRP (XRP) $ 1.34
    cardano
    Cardano (ADA) $ 1.88
    tether
    Tether (USDT) $ 1.00
    polkadot
    Polkadot (DOT) $ 40.35
    bitcoin-cash
    Bitcoin Cash (BCH) $ 1,252.47
    litecoin
    Litecoin (LTC) $ 311.12
    uniswap
    Uniswap (UNI) $ 37.92
    chainlink
    Chainlink (LINK) $ 43.68
    usd-coin
    USD Coin (USDC) $ 1.00
    stellar
    Stellar (XLM) $ 0.690243
    vechain
    VeChain (VET) $ 0.183631
    ethereum-classic
    Ethereum Classic (ETC) $ 87.79
    solana
    Solana (SOL) $ 40.64
    eos
    EOS (EOS) $ 10.79
    theta-token
    Theta Network (THETA) $ 10.20
    okb
    OKB (OKB) $ 34.10
    tron
    TRON (TRX) $ 0.121458
    wrapped-bitcoin
    Wrapped Bitcoin (WBTC) $ 49,441.00
    filecoin
    Filecoin (FIL) $ 114.96
    binance-usd
    Binance USD (BUSD) $ 0.998150
    monero
    Monero (XMR) $ 402.35
    matic-network
    Polygon (MATIC) $ 1.14
    neo
    NEO (NEO) $ 97.23
    aave
    Aave (AAVE) $ 520.47
    huobi-token
    Huobi Token (HT) $ 33.22
    terra-luna
    Terra (LUNA) $ 15.51
    compound-ether
    cETH (CETH) $ 76.38
    bitcoin-sv
    Bitcoin SV (BSV) $ 313.58
    klay-token
    Klaytn (KLAY) $ 2.38
    cosmos
    Cosmos (ATOM) $ 23.74
    iota
    IOTA (MIOTA) $ 1.92
    tezos
    Tezos (XTZ) $ 6.12
    pancakeswap-token
    PancakeSwap (CAKE) $ 29.88
    safemoon
    SafeMoon (SAFEMOON) $ 0.000009
    ftx-token
    FTX Token (FTT) $ 55.26
    cdai
    cDAI (CDAI) $ 0.021486
    kusama
    Kusama (KSM) $ 519.18
    dai
    Dai (DAI) $ 1.00
    compound-usd-coin
    cUSDC (CUSDC) $ 0.022037
    maker
    Maker (MKR) $ 4,875.52
    avalanche-2
    Avalanche (AVAX) $ 33.93
    thorchain
    THORChain (RUNE) $ 17.45
    algorand
    Algorand (ALGO) $ 1.36
    crypto-com-chain
    Crypto.com Coin (CRO) $ 0.161967
    bittorrent-2
    BitTorrent (BTT) $ 0.006055
    compound-governance-token
    Compound (COMP) $ 773.09