Bitcoin BTC/USD: How long will Bitcoin take to reach $100k?

Here is our prediction on Bitcoin using trendlines

Recently most analysts speculate Bitcoin will reach 100k in the near future with some stating that it will reach this target
before the end of this year 2021

Target: 100k

Since the target is 100k we will only be using Bullish trendlines
Our prediction of bitcoin reaching 100k is based on four major Bullish trendlines spotted on the 1W chart
Trendlines gives us an estimate of the pair's future price if it were to reach 100k & the predicted
timeline.

Trendline 1: Predicts Bitcoin to reach 100k by July 2022,
this upward sloping resistance trend line shows the pair treating
this as resistance in July 2019 & April 2021 when the pair reached all time highs of 65K
snapshot

Trendline 2: Predicts Bitcoin to reach 100k by Oct 2023,
This trendline started as a Support trendline in 2017 & early 2018
but turned to a resistance trendline in March to April 2021
snapshot

Trendline 3: Predicts Bitcoin to reach 100k by Nov 2025,
Upward sloping Support trendline for Mid 2019 & early 2021
snapshot

Trendline 4: Predicts Bitcoin to reach 100k by Dec 2031,
Resistance trendline for Dec 2017 & Jan 2021
snapshot

If Bitcoin was to reach 100k we would expect trendlines 1 & 2 to be a more accurate prediction
of the timeline as both give a more realistic date for bitcoin to reach 100k

Bitcoin (Cryptocurrency)BTCUSDBTCUSDTChart PatternsHarmonic PatternsTrend Analysis

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