Analyst: Bitcoin Could Cross $100,000 in a “Matter of Weeks” as Bulls Take Control

Bulls have taken full control of Bitcoin’s price action, sending the cryptocurrency rocketing up to $40,000 this morning before it faced some resistance It has since retraced slightly but is still looking strong and could be positioned to rally higher in the near-term Each retrace seems to be providing it with fuel for further momentum, which is a sign that bulls are in full control of the mid-term trend Where the market heads next will undoubtedly depend on whether or not bulls can guard against a deeper retrace in the near-term One analyst is noting that Bitcoin could soon breach $50,000, which he calls the first serious barrier before it makes a run towards $100,000 Bitcoin and the entire crypto market moved significantly higher today, with bulls taking full control of the market as they extend the momentum that has been seen throughout the past few weeks. The price action…

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