BTC approaching 100,000! A precise analyst predicted three months ago that this point would be targeted by the end of the year.

Analyst predicted 3 months ago: BTC will break 100,000

BTC has recently shown a strong upward trend, breaking new highs since the election of President Trump, and even rose to nearly $99,000 this morning (22nd), currently priced at $98,436.

Meanwhile, cryptocurrency analyst CryptoCon on X (formerly Twitter) said that he predicted three months ago that BTC would break the $100,000 mark.

CryptoCon said that he accurately predicted this surge when the price of Bitcoin was $60,000 on August 10th.

Could rise to 109,236 US dollars by the end of the year?

According to CryptoCon's analysis on August 10th, he successfully predicted multiple high points of this bull market using the Fibonacci Extension method.

He predicted that the rise of Bitcoin (BTC) is in line with the Fibonacci extension line 0.618, which will push BTC to break through the $100,000 mark, and it may rise to $109,236 by the end of this year.

CryptoCon represents:

People will try to understand all of this, we are entering the illogical part of the cycle. This is not overly optimistic, we are winning all of this by strength!

Image source: CryptoCon/X Analyst: BTC may rise to 109,236 US dollars by the end of the year

Galaxy CEO is also very optimistic, and believes it will not fall back to 80,000

Not only analysts, but also cryptocurrency institutions are optimistic about the future market as BTC continues to rise.

According to CryptoSlate, Mike Novogratz, CEO of Galaxy Digital, an encryption investment management firm, said that BTC breaking through $100,000 is just the beginning.

Novogratz predicted in an interview with CNBC that BTC will experience a pullback when it rises to 100,000, but it is expected to rise even higher in the future. "We are in a price discovery period, and there is not much market supply."

He pointed out several bullish reasons, including the paradigm shift brought about by Trump's election, as his entire cabinet holds BTC and supports encryption assets.

He pointed out that other countries and regions have also noticed the trend change. Currently, there has been buying interest from the Middle East region, and the traditional stock market also seems to have endless demand.

However, he also reminded that the market should pay attention to the risk of excessive leverage. The open interest of BTC futures hit a historical high on November 21, so there may be a pullback. Nevertheless, he remains optimistic about the support level of Bitcoin, expecting it not to fall below $80,000.

Disclaimer: The market carries risks, and investments should be made prudently. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.

"BTC100,000 is imminent! The accurate analyst predicted three months ago: prepare to hit this level at the end of the year." This article was first published in "encryption city"