Crypto trader and youtuber Ben Armstrong predicts that Bitcoin will turn on the hyperdrive and crush the $ 100,000 level.
In a new video, he said that by the end of the second quarter, the flagship cryptocurrency will rise to $ 100,000, mainly due to the expiration of quarterly futures contracts.
I definitely believe that Bitcoin will hit $ 100,000 by the end of June, maybe just before the close of the quarterly futures contract on June 30th. They will have a dramatic impact on the market, similar to what we saw in the first quarter in March.
After hitting the $ 100,000 price level, the YouTube channel creator expects Bitcoin to lose up to 30% of its value, but it will move to a new high level in a few weeks.
Armstrong claims that there are just over four months left before Bitcoin’s bullish rally, and it will culminate in BTC gaining more than 400% based on the Cryptanalyst’s Plan B Stock-to-Flow (S2F) model.
I think that the end of this bull run will be at the end of September, then another month will pass, and then we will check the validity of the Stock-to-Flow model somewhere between $ 290,000-320,000.
Earlier, the cryptocurrency observer indicated that $ 47,000 will be the main bottom and support level for Bitcoin during the April price correction. According to Armstrong, the purchasing power of $ 47,000 will be enough to prevent a further drop in BTC.
$ 47,000 was the bottom. For two months I told my subscribers that the price would not drop below $ 47,000. And so it happened, the forecast was confirmed.
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