BTC Moves Contrary to 2021 Prediction, $100K Surge to Happen?

Since geopolitical tensions and related issues started to rise this year, the global crypto industry, including Bitcoin (BTC) and other altcoins, have deflated. The ongoing Russia-Ukraine war has led to the diminishing value of coins. But, at a particular point, it started ascending, especially because of the huge crypto donations to Ukraine.

In May 2021, a crypto analyst with the pseudonym “Dave the Wave” remarked on the collapse of BTC. The person said BTC would be in FUD and would not reach $100,000 by the end of 2021. However, now he predicts BTC will be riding the wave to reach above the all-time high (ATH) this year.

The analyst has posted the BTC trading chart and stated that despite the fact that bitcoin plummeted below $40,000, it remains on track to gain $100,000 this year. However, the analysis focused on the aspect that BTC would have to hit a $25,000 drop prior to its surge.

Furthermore, he asked his 95.3K Twitter followers to deliberately think during the market depletion and reminded them that “indifference is a good place to be” in case of their crypto holdings.

Besides this analysis, BTC is predicted to go bullish around $36,000 amid the global market breakdown due to the war. According to data on TradingView, BTC/USD hit the lowest point of its value for a week.

Moreover, the BTC trading remained stable and followed a downward trend these last few weeks despite the market cap of global stocks wobbling to a $2.9 trillion loss.

As of now, BTC trades at a price of $38K with a market cap of $720 billion. In the past 7 days, as shown by the CoinMarketCap, BTC traded nearly 1.17% upwards. To add, other cryptos like BNB, USDC, XRP, LUNA also signaled green in 7 days trading volume.