Copy link
Increase text size
Decrease text size
Link copied

Bitcoin (BTC) on track for $100K target as crypto market on track to hit $5T, says FundStrat

Increased corporate participation could fuel Bitcoin's rise.

Image by Pete from Pixabay

Tue, 04 May 2021, 06:36 am UTC

Bitcoin, which saw a massive correction last month after setting a new all-time high, has rebounded and traded at $56,077 as of writing based on Coinmarketcap data. However, a research firm believes that BTC still has room to grow and that the crypto’s price could go as high as $100,000 per coin.

Bitcoin’s price has been on a roller coaster ride last month. After setting a new ATH above $64,000, the crypto suddenly plunged to around $47,500 worrying a lot of investors.

However, research firm FundStrat is not too concerned over the correction. “We’ve seen the price of Bitcoin retrace a little over ~25%, which would qualify as a major correction for traditional markets but is par for the course in crypto during bull market cycles,” the firm wrote on a note released last week.

The firm based its optimism on the crypto’s price history. “While we’re not technical traders, Bitcoin falling below its 50 day gives us less concern given this has happened several times during the prior bull market cycle, and it’s the 200 day that Bitcoin has historically maintained during prior bull runs,” FundStrat added.

FundStrat also confirmed its previous price target for Bitcoin adding that increased corporate participation could be the catalyst that could trigger its rally. “We believe the bull market remains intact, and we are maintaining our $100k Bitcoin price target… Even if Facebook didn’t buy Bitcoin, corporates are coming, and it may not be reflected in earnings announcements yet,” the firm noted.

Publicly-listed companies have started to accumulate BTC last year as a hedge against inflation. For instance, MicroStrategy, Tesla, Galaxy Digital, Mass Mutual, Marathon Patent, and Square 4,709 BTC are now for their sizable Bitcoin holdings.

The research firms more companies joining the fray and some might have already bought the crypto but have not yet made it public. “Even if we back out buys and sell from Tesla, MicroStrategy, and other corporate, we think this says that more corporates bought crypto this quarter than has been announced unless Tesla is day trading its position, which we think is unlikely given corporates tend to be longer-term holders,” FundStrat said. “We think announcements from other corporations in the weeks to come could offer catalysts for the market.”

Aside from Bitcoin, FundStrat also expects Ether (ETH) to soar as high as $10,500. Meanwhile, the research firm said that the entire crypto market capitalization could hit $5 trillion.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Donald
  • 2021.07.06 23:26:39
How I recouped stolen crypto currency coins and tokens from scam hackers on telegram: People all over the world are hearing about the fast profits early investors are making on Bitcoin and other coins and want to join the party and make a fast profit. But be sure, where big money is, there are also companies that are abusing and taking advantage of this situation. Such was my situation, I had a fake telegram group admin contact me and gave me a phishing link in which my 12 recovery phrase was compromised. These evil persons gained access to my cryptowallet and stole all my coins and tokens worth over $ 230,000. I was in great despair due to this situation, I was confused till a group member on the telegram referred me to REMOTESPYTECH @ GMAIL . COM . This recovery agent is really God sent. After relating all of my predicaments, details of incidence and necessary requirements for my recovery program, it took them less than a week to track and recover all of my tokens and coins back, they helped me hack the perpetrators wallet and all of my coins were returned to me. I am so amazed, joyous and appreciative. I don't know what I would do without this specialist. They specialize in chargeback disputes and their team knows how to identify these types of scams. If you invested in Crypto and believe you have been scammed contact their experts today and they will help you recover your losses.

Email: REMOTESPYTECH (@) GMAILCOM

WhatsApp: +13523543740
  • 1
  • ·
  • 0
  • Clauder
  • 2021.06.15 13:08:20
Last year December I was contacted by a broker who convinced me to invest into Cryptoallday. I made an initial investment of € 190,00 and they asked for € 14,500 more in order to access my withdrawal. I followed their instructions and made another deposit. For 2 months now I have been trying to contact Crypto-all-day but I got no response. I talked to my friends and colleagues about it and luckily for me a friend of mine just got out of a situation like that and introduced to a wealth recovery team that helped her during her investment problem, within 3 days of contacting them they were able to help me get 100% of my lost money back. They only got paid after the recovery and I had no problem with giving them 10% from the recovered funds after I got it back. You can reach out to them for more insight. [email protected][]comm..
  • 0
  • ·
  • 0
  • Donald
  • 2021.05.16 22:30:42
How I recouped stolen crypto currency coins and tokens from scam hackers on telegram: People all over the world are hearing about the fast profits early investors are making on Bitcoin and other coins and want to join the party and make a fast profit. But be sure, where big money is, there are also companies that are abusing and taking advantage of this situation. Such was my situation, I had a fake telegram group admin contact me and gave me a phishing link in which my 12 recovery phrase was compromised. These evil persons gained access to my cryptowallet and stole all my coins and tokens worth over $ 230,000. I was in great despair due to this situation, I was confused till a group member on the telegram referred me to REMOTESPYTECH @ GMAIL . COM . This recovery agent is really God sent. After relating all of my predicaments, details of incidence and necessary requirements for my recovery program, it took them less than a week to track and recover all of my tokens and coins back, they helped me hack the perpetrators wallet and all of my coins were returned to me. I am so amazed, joyous and appreciative. I don't know what I would do without this specialist. They specialize in chargeback disputes and their team knows how to identify these types of scams. If you invested in Crypto and believe you have been scammed contact their experts today and they will help you recover your losses. Contact: [email protected] or TEXT/ CALL :+1 435 287 4596
  • 0
  • ·
  • 0
  • Donald
  • 2021.05.15 02:51:05
Do you need help on how to retrieve lost or stolen bitcoins. Write Webhubghost (@) gmailcom for assistance
  • 0
  • ·
  • 0
  • Donald
  • 2021.05.15 02:50:28
How I recouped stolen crypto currency coins and tokens from scam hackers on telegram: People all over the world are hearing about the fast profits early investors are making on Bitcoin and other coins and want to join the party and make a fast profit. But be sure, where big money is, there are also companies that are abusing and taking advantage of this situation. Such was my situation, I had a fake telegram group admin contact me and gave me a phishing link in which my 12 recovery phrase was compromised. These evil persons gained access to my cryptowallet and stole all my coins and tokens worth over $ 230,000. I was in great despair due to this situation, I was confused till a group member on the telegram referred me to REMOTESPYTECH @ GMAIL . COM . This recovery agent is really God sent. After relating all of my predicaments, details of incidence and necessary requirements for my recovery program, it took them less than a week to track and recover all of my tokens and coins back, they helped me hack the perpetrators wallet and all of my coins were returned to me. I am so amazed, joyous and appreciative. I don't know what I would do without this specialist. They specialize in chargeback disputes and their team knows how to identify these types of scams. If you invested in Crypto and believe you have been scammed contact their experts today and they will help you recover your losses. Contact: [email protected] or TEXT/ CALL :+1 435 287 4596..


Best Regards
  • 1
  • ·
  • 0
  • Donald
  • 2021.05.15 02:50:09
How I recouped stolen crypto currency coins and tokens from scam hackers on telegram: People all over the world are hearing about the fast profits early investors are making on Bitcoin and other coins and want to join the party and make a fast profit. But be sure, where big money is, there are also companies that are abusing and taking advantage of this situation. Such was my situation, I had a fake telegram group admin contact me and gave me a phishing link in which my 12 recovery phrase was compromised. These evil persons gained access to my cryptowallet and stole all my coins and tokens worth over $ 230,000. I was in great despair due to this situation, I was confused till a group member on the telegram referred me to REMOTESPYTECH @ GMAIL . COM . This recovery agent is really God sent. After relating all of my predicaments, details of incidence and necessary requirements for my recovery program, it took them less than a week to track and recover all of my tokens and coins back, they helped me hack the perpetrators wallet and all of my coins were returned to me. I am so amazed, joyous and appreciative. I don't know what I would do without this specialist. They specialize in chargeback disputes and their team knows how to identify these types of scams. If you invested in Crypto and believe you have been scammed contact their experts today and they will help you recover your losses. Contact: [email protected] or TEXT/ CALL :+1 435 287 4596
  • 1
  • ·
  • 0
  • CJHACKER
  • 2021.05.10 04:12:05
NEED BLANK ATM CARD TO BE RICH ? ............................ Whatsapp: +1(845)3813566

We have specially programmed BLANK ATM CARDS that can be used to hack any ATM machine, this ATM cards can be used to withdraw at the ATM or swipe, stores and outlets. We sell this BLANK CARDS to all our customers and interested buyers worldwide, the BLANK CARDS has a daily withdrawal limit of $5000 in ATM and up to $50,000 spending limit in stores. and also if you in need of any other cyber hacking services, we are here for you at any time any day.

Whatsapp: +1(845)3813566
E_mail: [email protected]
  • 0
  • ·
  • 0
  • CJHACKER
  • 2021.05.10 04:09:19
NEED BLANK ATM CARD TO BE RICH ? ............................ Whatsapp: +1(845)3813566

We have specially programmed BLANK ATM CARDS that can be used to hack any ATM machine, this ATM cards can be used to withdraw at the ATM or swipe, stores and outlets. We sell this BLANK CARDS to all our customers and interested buyers worldwide, the BLANK CARDS has a daily withdrawal limit of $5000 in ATM and up to $50,000 spending limit in stores. and also if you in need of any other cyber hacking services, we are here for you at any time any day.

Whatsapp: +1(845)3813566
E_mail: [email protected]
  • 0
  • ·
  • 0
  • Jon361
  • 2021.05.08 22:50:12
A common misperception is that lost or stolen bitcoin is gone forever. without knowing that, as Blockchain Forensics Continues to Evolve, Identifying, Tracing and Recovering Stolen, Hacked or Scammed Crypto Assets may have already become easier than traditional asset recovery. as easy as it is ONLY A Very Very few Professional Recovery Experts and Hackers can get this type of job done, TO Perform or Invest and hold a certain Amount of Bitcoin you have to verify your Identity as Required by the Law. A few Expert have found a way to exploit this Verification and use it to their advantage to Trace and identify Bitcoin wallet and the Identity of the person who owns the Wallet which Victims sent Bitcoin or other Crypto Asset to.
IF You ever lost your funds to an investment scam, Bitcoin Mining Scam or any Type of Scam what you need to do is Hire a Professional to get the job done. Also be very careful of who you hire to get the job done, as MORE Than 95% of people who claim they can Recover Lost, Stolen, Hacked, or Scammed Bitcoin are all Scammers themselves trying to rip you of Whatever is remaining of your Hard Earn Money WHICH was lost to Scammers.
If you ever need to HÏŘË a professional to help you recover your bitcoin or funds either stolen, HÄČKËD or ŠČÄMMËD, simply send an ema!| to ‘’FÅSTŘËČÕVËŘÝ02 HÃŤ GMÃÍĹ ČÕMË’’ . he is a professional recovery agent who recently recovered 500,000USD worth of Bitcoin Stolen from a friends wallet. he does not charge a penny until after the job is done. he has been tested and Trusted by Serveral Victims of investment scam i know.
  • 0
  • ·
  • 0
  • smithy
  • 2021.05.06 05:32:58
Have you gotten your bitcoins stolen from your wallet or invested in an ICO that turned out to be a scam, you are not alone because this happened to me too. I initially lost $404000 in just three months from Cryptoallday and a couple of others. I contacted the authorities and they referred me to Scams Rescue who helped me recover all my funds within 2 days. I'm speaking up to improve awareness of these cryptocurrency thieves and help as much as i can to reduce victims to the bearest minimum. If you have been a victim, Simply contact
perfectwealthrecovery at gee male dot com
whatsapp: +1 254 307 7185
NO UPFRONT PAYMENTS
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $39,641.00 (-4.81%)
  • Ethereum (eth) $2,598.43 (+0.25%)
  • Tether (usdt) $1.00 (-0.01%)
  • Binance Coin (bnb) $334.00 (-1.86%)
  • Cardano (ada) $1.33 (-2.96%)
  • Bitcoin (btc) $39,641.00 (-4.81%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft