The crypto space appears to be back on track as some of the coins have started showing a decent uptrend. Bitcoin price after dropping $ 53,000 To $ 43K last week ends with 3.57% in the last 24 hours. Few analysts and part of the crypto community seem extremely bullish on the BTC price. And they anticipate that prices could see a series of pushups in Q4 2021. Well, is that possible? We got up with some interesting statistical data and the network’s upcoming events. According to the data, BTC holds great potential to reach new highs!
Upcoming Bitcoin Upgrades!
Bitcoin aims to create wallets and other applications in the BTC ecosystem that can take advantage of the enhanced scripting capabilities brought by the Taproot upgrade. Taproot will enhance the smart contract functionality of BTC. Interestingly, after the upgrade, the BTC ecosystem will support DeFi apps. Which may turn out to be the major change for BTC.
Crypto influencer CryptoBit recently shared an article about the massive PCX token bust. This new entry is booming with a purchase volume of $ 1 million in 30 minutes. While the PCX team has rolled out taproot bitcoin to the main test network, it is yielding huge results. So what could happen to the BTC price when the taproot is launched? With upgrades to the wallet, customer services, on-chain data and mining take effect on time, the price of BTC could reach $ 100,000 by the end of the year.
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Bitcoin Price Analysis: Statistics indicate that $ 100,000 still looks imminent for BTC.
Popular crypto analyst Lark Davis says BTC has a big price move in the fourth quarter. Yes, with statistics on the price spike of specific months over the years (2013 to 2021). The possibility of a price spike to $ 100,000 in the areas of the 4th quarter. According to past trends, September is not a good month for the price of BTC. October and November are a game-changer in the fourth quarter for BTC.
Popular crypto analyst Lark Davis says BTC has a big price move in the fourth quarter. October, November is a game-changer in the fourth quarter for BTC. The price of Bitcoin is currently in a phase of strong consolidation, trading at $ 46,044. And the price is trying very hard to hit the $ 50,000 levels. Subject to favorable conditions in the last quarter, the price of BTC could initially increase by $ 60,000. However, the target for higher BTC prices still sits at $ 100,000, predicted by popular analyst Lark Davis.
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