Bitcoin will reach $100,000 this year

Kevin Swenson, a crypto analyst on YouTube, has made a prediction regarding future Bitcoin price trends, predicting a significant rise towards the $100,000 mark within the current year. He claims that following the upcoming halving in April, Bitcoin is poised to go parabolic, based on the cryptocurrency's bullish appearance on the weekly chart.

Halving entails the reward for Bitcoin miners being cut in half, resulting in a reduction in the number of new Bitcoins in circulation. Historically, data has shown that when demand is stable or growing, a decrease in supply usually causes the price of BTC to increase.

Bitcoin currently dominates the cryptocurrency market, especially following the launch of spot Bitcoin ETFs in the US. Breaking past $48,000 recently sparked talk of the return of a strong cryptocurrency bull market.#Write2Earn #TrandNTell $BNB