Crypto Analyst Says Bitcoin Won’t Hit $100,000 This Year, When Will It Hit?

Bitcoin at $100,000 has become somewhat of a generally agreed-upon peak for the current cycle. Various analysts have put the digital asset at this point before the end of the year, painting a rather bullish future for BTC. With Bitcoin’s recent touch at $69,000, this price point is looking more likely by the day. However, not everyone thinks that the asset will hit $100,000 in 2021. One of these is analyst Nicholas Merten. Merten has disagreed with the predictions for the digital asset that puts the year-end price at $100,000. According to the analyst, this is an overly optimistic target that the market won’t be seeing anytime soon. But that does not mean that it won’t hit it at all. Related Reading | Confirmed: AMC Now Accepts Bitcoin, Ethereum, Two Other Cryptos, Dogecoin To Follow Analysts Are Getting It Wrong Merten has always been bullish on the future of bitcoin. However, this seems to be one train that the analyst cannot get behind. The approval of the Bitcoin Futures ETF by the Securities and Exchange Commission in October has provided the push for BTC to hit a new all-time high but did not drive BTC towards the price the market was expecting. “There’s no way we are going to a $100,000 or $150,000 in Q4 of this year or Q1 of next year. I’m sorry. I’m going to have to say it because I think a lot of the analysts are getting this wrong,” said Merten. BTC trading at $65K | Source: BTCUSD on TradingView.com The a...