Analyst Says a New Wave Has Begun in Bitcoin: $100,000 Is a Matter of Time!

Crypto currency analyst, known for accurate predictions, said that $100,000 in Bitcoin could arrive faster than expected.

Crypto currency analyst Jelle caught the attention of Bitcoin investors with a social media post dated March 26. In the post, the analyst pointed out that Bitcoin has left another low level, 60,900, behind and predicted that the next upward move could be even bigger.

Based on this perspective, the experienced analyst mentioned that $100,000 is just a matter of time, and also shared a chart indicating that we are still in a strong bull trend:

We have left behind a new higher low. Bitcoin is moving towards higher levels. The next leg has started higher. $100,000 is a matter of time.

The term “higher low” used by the analyst in the post denotes a situation in which the price experiences a drop, but this drop is higher than the previous low point.

According to CoinGecko data, Bitcoin has shown a 1% increase in the last 24 hours and is currently trading at $70,000.