{"id":33232,"date":"2022-08-11T16:49:22","date_gmt":"2022-08-11T20:49:22","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=33232"},"modified":"2022-08-11T16:49:24","modified_gmt":"2022-08-11T20:49:24","slug":"analyst-predicts-bitcoin-price-could-hit-100000-by-2023","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/analyst-predicts-bitcoin-price-could-hit-100000-by-2023\/","title":{"rendered":"Analyst Predicts Bitcoin Price Could Hit $100,000 By 2023"},"content":{"rendered":"\n
When compared to the current Bitcoin Price<\/a>, other cryptocurrencies are doing quite well.<\/h5>\n\n\n\n
\"Analyst
Analyst Predicts Bitcoin Price Could Hit $100,000 By 2023 <\/figcaption><\/figure>\n\n\n\n

An analyst who goes by the InvestAnswers host tells his 443,000 YouTube subscribers that 94% of the altcoins have surpassed the dominant currency according to the Bitcoin<\/a> price Dominance chart.<\/p>\n\n\n\n

However, the expert is still optimistic that the value of bitcoin will appreciate along with the altcoins<\/a>.<\/p>\n\n\n\n

The analyst argues that “altcoin season” is when 75% of the top 50 currencies see a bull run versus Bitcoin over a period of 90 days. This proportion is now much higher than 75%.<\/p>\n\n\n\n

The expert also asserts that “what goes up will ultimately come down,” meaning that the current decline in Bitcoin price will be followed by a bullish run come 2023.<\/p>\n\n\n\n

The Bitcoin Dominance chart enables traders to see the total market value of other cryptocurrencies\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

Bitcoin Price at $100,000?<\/h2>\n\n\n\n

The analyst also discusses Mike McGlone's<\/a> most recent Bitcoin forecast from Bloomberg Intelligence.<\/p>\n\n\n\n

Senior commodities expert McGlone predicts that the bitcoin's value would reach $100,000 if the price of oil drops to less than $50 per barrel.<\/p>\n\n\n\n

Due to this trend, gold prices will rise beyond $2,000 per ounce due to global deflationary pressure.<\/p>\n\n\n\n

#<\/h6>\n\n\n\n

The presenter of InvestAnswers offers his opinion on whether the value of Bitcoin will ever hit $100,000.<\/p>\n\n\n\n

Additionally, he claims that it would be feasible by the summer of 2023, but for a legitimate shot at this, the price should quickly creep back to its previous highs.<\/p>\n","protected":false},"excerpt":{"rendered":"

When compared to the current Bitcoin Price, other cryptocurrencies are doing quite well. An analyst who goes by the InvestAnswers host tells his 443,000 YouTube subscribers that 94% of the altcoins have surpassed the dominant currency according to the Bitcoin price Dominance chart. However, the expert is still optimistic that the value of bitcoin will […]<\/p>\n","protected":false},"author":39,"featured_media":33235,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,83,76],"tags":[1612,484,376],"class_list":["post-33232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-bitcoin-news","category-bitcoin-price","tag-altcoins","tag-bitcoin-price","tag-cryptocurrencies"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-51.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/33232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=33232"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/33232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/33235"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=33232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=33232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=33232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}