Price Prediction
Investor Mike Alfred Predicts Bitcoin to $100,000 by Thanksgiving
Investor Mike Alfred predicts that Bitcoin will reach $100,000 by Thanksgiving, citing a $2.7 billion in leveraged shorts stacked just above $84,000. Alfred's prediction comes after Bitcoin reclaimed $81,000, with nine moving averages favoring bears. Analysts Matthew Hyland and Alex Thorn also believe Bitcoin could reach $100,000-$125,000 by the end of the year, while Fidelity's Jurrien Timmer suggests the bear market is over and Bitcoin will outperform gold in the near term.