Kraken, one of the leading crypto asset platforms, has announced its price predictions for Bitcoin.
US-based Kraken made a price prediction about Bitcoin in the report titled “October 2021 Market Summary and Outlook”. According to the platform, if Bitcoin repeats its previous moves, it could reach $96,355 or even more before the end of 2021. The report included the following statements on the subject:
The platform also summarized the developments in the cryptocurrency space and drew attention to the increase from institutional fund flows to Bitcoin. Kraken believes that if the trend continues, the asset will continue to be the best performing asset in the future. He also noted that Ethereum lags significantly behind in these statistics:
Kraken has given two separate price predictions based on two popular technical indicators, the Relative Strength Index (RSI) and Bollinger Bands. In both of these predictions, it was stated that Bitcoin will exceed the level of $ 100,000 in the last quarter.
Adam Back, CEO of Blockstream, Anthony Scaramucci, CEO of Skybridge Capital, and famous analyst PlanB are among the names who think that Bitcoin will reach its price target of $ 100,000 by the end of the year.