Bitcoin Just Topped $81,000. Is It Really Possible Bitcoin Could Hit $100,000 By the End of the Year?
Bitcoin has been surging. But is it enough to send Bitcoin above $100,000?
Overview
In a period of just three days in August, Bitcoin (CRYPTO: BTC) soared by more than 20%. At one point, the world's most popular cryptocurrency briefly topped $81,000 before pulling back to $80,000.
As a result, there's now increasing speculation that Bitcoin might be able to hit a price of $100,000 by the end of this year. But just how likely is that scenario?
Details
Bitcoin's recent gains can be chalked up to a change in investor sentiment. The easiest way to see this is in the Crypto Fear & Greed Index. After being in "fear" territory for most of the summer, it suddenly tipped into "extreme greed" territory in mid-August.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.