Bitcoin price will exceed $ 100,000

The Bitcoin (BTC) price is now even more likely to surpass the $100,000 mark, wrote a former technicalDirector of the Coinbase cryptocurrency exchange, Balaji Srinivasan, on his Twitter account.

According to him, the rise in price of the first cryptocurrency is evidenced by the increase in its price above $10,000, although this seemed incredible 10 years ago, reports RBC Crypto.

“In 2009, it was inconceivable that the BTC rate would cross the $ 100 thousand mark. But provided that the BTC is already more expensive than $ 10 thousand, it is very likely that its price will be able to overcome $ 100 thousand.”, Srinivasan said.

In 2009, it was unlikely that BTC would cross $ 100k. But conditional on BTC having * already crossed * $ 10k, it was more likely to cross $ 100k.

On Dec 1, 2019 it was unlikely the virus would cross 100k cases. But having * accelerated * past 10k, it was more likely to cross 100k. pic.twitter.com/XzFvxKZbEC

- Balaji S. Srinivasan (@balajis) February 13, 2020

In addition, he compared the first cryptocurrency withcoronavirus. Srinivasan believes that on December 1, when the disease first began to spread, it was unlikely that the number of infected people would increase to 100 thousand. Now, when their number has exceeded 10 thousand, an increase of 10 times seems predictable, the former technical director explained.

The rise in price of Bitcoin is also expected by the analyst andBloсkroots founder Josh Rager. In his opinion, the price of cryptocurrency will rise to $ 11,400-11,550 if it can overcome the resistance levels of $ 10,761 and $ 11,000.

In this case, the next target for the Bitcoin exchange rateThe mark will be $ 13,800, the analyst added. But he noted that a cluster of orders to sell an asset located at $ 12,000 would be a serious obstacle to the rise in price of the coin.

$ BTC $ 10,761 remains the resistance on the monthly chart

But if we zoom in inside the monthly, we’ll see horizontal resistance at $11k

And $ BTC could get as high as $ 11,400 to $ 11,550 before topping out IMO (VAH / VP)

I’ll stay in spot positions until then & likely hedge short pic.twitter.com/LjRnO01KwD

- Josh Rager? (@Josh_Rager) February 13, 2020

In the short-term fall before the rise in the price of BitcoinTheBirbNest platform founder and CryptoBirb trader are sure. In his Twitter account, he published a chart of the first cryptocurrency, showing that its rate deviated from the trend line. He will probably return to her and protest the level of $ 8250-8600, and then will continue to grow to a new maximum, the entrepreneur predicted.

all in all not much time left till $ btc correction imo
if you get the chance to long 8250-8600 and don’t buy there then sorry, but we would have to rally to ATH without you? pic.twitter.com/YWXPJhPXsz

- Crypto₿irb (@crypto_birb) February 13, 2020

Since the end of January there has been a sharp increase in requests“buy Bitcoin” on Google. Trader The Moon suggested that this indicates an influx of new investors into the cryptocurrency market and will help the main digital coin rise to $20,000.

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