Kraken Answers a Question Everyone’s Wondering: Where will the Bitcoin (BTC) Price Stop?

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The Bitcoin (BTC) price did not break the tradition on January 8, again refreshing the all-time high record. Bitcoin reached $ 41,000 and saw $ 42,000 in some exchanges, thus raising approximately 110% above the $ 20,000 level. Everyone is wondering about the answer right now is where the rise of the BTC price will stop.

Net forecast for bitcoin price: $ 79,040 to $ 118,560

Kraken, one of the leading crypto money exchanges in the USA, made a very bullish guess when a new post published. Kraken researchers think that if history repeats itself, a price between $ 79,040 and $ 118,560 could be seen.

Kraken is not the only institution or person who has predicted that the Bitcoin price will continue to rise. Famous analyst PlanB stated that since the beginning of 2019, the price of Bitcoin would exceed $ 100,000. According to the analyst’s statement, BTC moves 10% above the 200-week moving average almost every week. If it goes at such a pace, it can be seen that the BTC price is $ 100,000 before the end of 2021.

P.S: This is not an investment advice

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