Bitcoin skyrockets to $61K

After a few days of bad performance, the Bitcoin price suddenly shoots up again today. The price just soared over $1,700 in an hour.

Is a Bitcoin price of $100K possible?

For several days, the Bitcoin price traded below the psychological $60,000 level. As a result, more and more traders expected a bearish head-and-shoulders pattern to emerge. However, this expectation has been invalidated by today’s nice price increase.

Partly due to this price increase, the expectations of many analysts have been revised upwards again. For example, the $73,000 level is frequently mentioned as the next target and a price of $100K also seems a possibility this year.

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