Mark Yusko predicts Bitcoin will surpass the $100,000 barrier soon.
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Morgan Creek Capital CEO and crypto analyst Mark Yusko, predicts Bitcoin will soon surpass the $100,000 barrier and embark on a parabolic move before the end of December 2024. Yusko made the statement during an Altcoin Daily podcast, where he analyzed the evolution of Bitcoin prices and other critical developments in the cryptocurrency industry.
The renowned investor analyzed the crypto market bull cycle, highlighting the main characters involved and how they affect the digital asset prices during bull runs. Yusko described the dynamics of Bitcoin’s price cycles, noting their pattern of “higher highs and higher lows” over time. He explained that Bitcoin’s parabolic runs are often driven by gamblers leveraging market trends, which accelerates price movements until the momentum reverses.
According to Yusko, long-term investors focus on fair-value prices and accumulate Bitcoin during downturns, while traders aim to profit from…
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