Bitcoin Survey: Most People Believe That BTC Can Reach $100k By The End Of 2021

PlanB shared a survey on Twitter asking people how much they believe that Bitcoin will be worth by the end of 2021. It seems that most respondents said that BTC would be priced at $100k by the end of this year.

Check out the survey below.

Do you think #bitcoin will reach $500K, $288K (S2FX model), $100K (S2F model), or will BTC stay below $100K .. by Christmas 2021?

— PlanB (@100trillionUSD) November 5, 2021

Someone asked: “PlanB from where do you expect 8+ trillion USD flow might come by Christmas? I mean it has to be some Govts or tech group like MS,Google,Amz or FB. I just wonder why would they buy at current peak or do you expect some major crash in short time, I wouldn’t doubt 500k in 5 years.”

Another follower said: “That’s not how the market cap works bruh, so it takes is for people to not let their corn go for less than $500k, even if the volume remained the same as today.”

At the moment of writing this article, BTC is trading in the red and the king coin is priced at $61,765.

Analyst Benjamin Cowen recently said in a video on YouTube that the king coin is trading well above its 20-week simple moving average (SMA) and 21-week exponential moving average (EMA). It’s essential to note the fact that these are two technical indicators that he refers to collectively as the “bull market support band.”

He says the 20-week SMA sits around $46,800 and the 21-week EMA is at $50,100.

“These would be the lines in the sand we would want to hold to maintain the integrity of the bull market, so as long as we’re above these lines, things are still good.”

Stay tuned for more news and make sure to keep your eyes on the crypto market.