Where to From 100k Bitcoin Prediction for Dec 2021?

Bitcoin failed to reach US $100,000 price highs as predicted by a popular price prediction model — yet sees mounting speculation that it might continue its upward trajectory in 2022.

  • Stock-to-Flow model predicts Bitcoin price based on limited supply and rate of production
  • Model predicts a US $100,000 Bitcoin price to occur close to Dec 2021
  • Bitcoin prices hold above US $40,000 support area despite recent security breach on popular exchange Crypto.com, and growing calls for regulation

Analysts and investors within the cryptocurrency space saw an end to 2021 disproving a widely circulating hypothesis that legacy digital asset Bitcoin (BTCUSD) could achieve price targets above US $100,000 in December last year. As revolutionary and outlandish as this suggestion of price discovery might seem, plenty of speculators held firmly to technical trends arguing …

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