Bitcoin is witnessing a shallow pullback, but bulls still anticipate a rally toward $100,000 in the short-term.
Bitcoin (BTC) bulls took a small break on Nov. 14 but resumed their purchases on Nov. 15, pushing the price near $89,500. MicroStrategy founder and Bitcoin bull Michael Saylor told CNBC that Bitcoin is unlikely to plunge to $60,000 as some analysts are predicting. He expects Bitcoin to hit $100,000 before the end of the year.
VanEck head of digital assets research Matthew Sigel also echoed a bullish view when he told CNBC that Bitcoin could “make repeated all-time highs over the next two quarters,” He expects Bitcoin to reach $180,000 next year.
Crypto market data daily view. Source: Coin360
