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NewsBTC 2022-01-27 04:58:47

Bitcoin Bulls Continue to Double Down on $100,000 Prediction

Despite the fact that the end of 2021 suggested that there could still be some concern in regard to the volatility of the market, there is no doubt that last year was huge for the cryptocurrency industry and one that was huge in general. Indeed, there were a number of different things to look out for including things such as non-fungible tokens (NFTs) and decentralized finance (DeFi), Ethereum (ETH-USD) and smaller cryptocurrencies, however it is was also a year that had plenty of impact on Bitcoin. The cryptocurrency, which had experienced a number of fluctuations over the last 12 months, had managed to hit an all-time high of a price near $69,000 in November, however it had been reduced to around $47,000 recently, leaving its market capitalization to being its second lowest and around 40% according to TradingView data. Nonetheless, this has not stopped many bulls from predicting that Bitcoin will still be able to reach the $100,000 price that many have hoped it would, with many standing strong in their prediction and seemingly having as much confidence in it happening as before. Naturally, there are a number of different factors that many individuals and experts may look to point to when it comes down to trying to back their prediction, with the gambling industry perhaps one of the biggest. Crypto gambling is an activity that is enjoyed by many holders of virtual currency, with the use of a Bitcoin casino continuing to incre...

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