Crypto trader and YouTuber Ben Armstrong is predicting that Bitcoin will kick it into hyperdrive after shattering $100,000.
In a new video, Armstrong predicts that the flagship crypto asset will blast through $100,000 by the end of the second quarter, largely driven by the expiry of the quarterly futures contracts.
“I could definitely see Bitcoin hitting $100,000 by the end of June, maybe right before the quarterly futures contract close on June 30th. They will have a dramatic effect on the market just like we saw the quarter one, in March, had a dramatic effect.”
After hitting the $100,000 price level, the YouTuber expects Bitcoin to depreciate by up to 30% before kicking it into high gear weeks later.
“So that would be kind of the glance off at $100,000 and then go back down, maybe all the way down to $75,000 or $70,000, climb back up over July and August. And then in August, that’s where it