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Bitcoin Price To Hit $100K By Christmas! How Will Ethereum Price Be In Coming Week?

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Highlights

    Bitcoin price yet again fell short of a few dollars in an attempt to break the $50K milestone

    Despite constant pullbacks, sill the $100K target appears to be feasible well before 2021 ends

The bulls had entered the ring but could not sustain for a longer time as the bears quickly jump in to gain control. Yet the short-lived pullback could be flipped very soon as the Bitcoin price appears to be focused to propel to new highs. And hence, despite the short term target at $42K, yet BTC price can surge high to hit $100K before the end of the year 2021

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One of the popular analysts, PlanB who is well-known for his Bitcoin price prediction of $100K by 2021. He believes the upcoming month will be key. And currently, the price is in between both (blue) and top (red), in line with S2F. 

However, Benjamin Cowen, founder & CEO of BC Analytics, replied that the S2F model just shows the fair value and not the actual price. Amid the bearish predictions surrounding the market, yet the price is expected to regain bullish momentum soon.

Also Read: Bitcoin Price on the Verge to Retest the $50k Level! $57K or $60k On Cards

Ethereum Price Heading Towards $10K

Ethereum price bounced after a healthy consolidation above $3000 in the later hours of the trade. As the price smashed the upper barriers at $3200, it attempted very hard to clear the $3300 levels, yet failed. The current consolidation appears to be very healthy as the pullbacks are minute. Also, no significant buying is recorded that could ease the selling. 

In the coming days, we can expect a substantial bounce which could uplift the price above $3400 initially. If the weekly close is recorded above $3100, then the upcoming week could be pretty bullish for the asset. However, the target for the Ethereum price rally still resides at $10,000 as predicted by a popular analyst Wolf

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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