Bitcoin Could Reach This Price Level By The End Of 2021

Bitcoin is doing great today, especially considering that a new week has just begun.

Usually, the crypto market goes down on Sunday night, but today, things are looking extremely great.

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $56,763.49.

On-chain analyst William Clemente said that BTC’s outlook for the latter half of this year remains highly bullish.

In Blockware Intelligence’s latest report, he explained that in the immediate short term, Bitcoin could see a pullback before any bullish momentum continues.

He continued and explained that there are multiple factors including whales taking profits and highly liquid entities taking possession of BTC could signal some vulnerability for the top crypto by market cap.

“Short-term outlook: seeing some coins move from liquid to highly liquid entities, exchange flows neutral, some whales taking profits, funding spiking while market cap/OI (open interest) increasing. Wouldn’t be surprised to see a short-term pullback to around $53,000 and at the lowest, a retest of PoB (point of breakout).”

He also addressed Bitcoin’s longer-term prospects which look significantly bullish for more reasons, according to Clemente.

“Macro: highly bullish. Supply dynamics(HODLing behavior) remain strong, hash coming back on the network, retail still out of the market. Still standing on my thesis for a strong Q4.”

Before all this, there have been a lot of market corrections, but now things are looking pretty bullish indeed.

More analysts are expecting to see BTC reaching new ATHs.

Anthony Pompliano posted an interesting thread about Satoshi Nakamoto and the way in which he revolutionized finance.

He is also talking about the Bitcoin miners, and you can check out some of the most exciting things that he had to say below.

Satoshi Nakamoto revolutionized the financial industry by creating Bitcoin in 2008.

Now Bitcoin miners are in the process of revolutionizing another industry – energy.

Here is how they’re doing it 👇 👇 👇

— Pomp 🌪 (@APompliano) October 10, 2021

Stay tuned for more news.