Ranking
Categories
Historical Snapshots
Token unlocks
Yield
Trending
Upcoming
Recently Added
Gainers & Losers
Most Visited
Community Sentiment
Chain Ranking
Market Overview
CoinMarketCap 100 Index
Fear and Greed Index
Altcoin Season Index
Bitcoin Dominance
Crypto ETFs
Overall NFT Stats
Upcoming Sales
New Pairs
Trending Pairs
Meme Explorer
Gainers & Losers
Community Votes
Top Traders
Spot
Derivatives
Spot
Derivatives
Feeds
Topics
Lives
Articles
Converter
Newsletter
CMC Labs
Telegram Bot
Advertise
Crypto API
Site Widgets
Airdrops
Diamond Rewards
Learn & Earn
ICO Calendar
Events Calendar
Academy
Research
Videos
Glossary
- Mark Yusko predicts Bitcoin will surpass the $100,000 barrier soon.
- Investors, traders, speculators, and gamblers affect crypto prices differently.
- Passing the Bitcoin Reserve Bill will significantly affect crypto market prices.
Morgan Creek Capital CEO and crypto analyst Mark Yusko, predicts Bitcoin will soon surpass the $100,000 barrier and embark on a parabolic move before the end of December 2024. Yusko made the statement during an Altcoin Daily podcast, where he analyzed the evolution of Bitcoin prices and other critical developments in the cryptocurrency industry.
The renowned investor analyzed the crypto market bull cycle, highlighting the main characters involved and how they affect the digital asset prices during bull runs. Yusko described the dynamics of Bitcoin’s price cycles, noting their pattern of “higher highs and higher lows” over time. He explained that Bitcoin’s parabolic runs are often driven by gamblers leveraging market trends, which accelerates price movements until the momentum reverses.
According to Yusko, long-term investors focus on fair-value prices and accumulate Bitcoin during downturns, while traders aim to profit from…
The post $100K BTC: Crypto Analyst Breaks Down the Dynamics of Bitcoin’s Current Cycle appeared first on Coin Edition.