Charles Edwards says bitcoin is ready to reach $ 100,000

Charles Edwards, the founder and CEO of Capriole Investment Company, shared his own analysis of bitcoin’s value and future. Edwards is convinced that BTC is preparing for a «perfect breakout to $ 100,000.»

In recent weeks, bitcoin has recovered significantly, and even the crisis in the US banking industry did not prevent the flagship cryptocurrency from exceeding $ 26,000 for a while. According to Charles Edwards, in 2023, BTC will try to make a full-fledged reversal. Edwards expects a few minor drops of the market leader, followed by a full reversal and growth of the asset.

According to the founder of Capriole, bitcoin is ready to reach new historical highs, and he called the goal of the digital asset to reach $ 100,000 in the near future. However, Edwards noted that, as is often the case, «things can go wrong.»

It is worth noting that researchers from the analytical company Matrixport are less positive: according to analysts, bitcoin will cost $ 45,000 by the end of 2023. The researchers emphasized that the data on the current level of inflation in the United States was a «gift for the cryptocurrency market.» Matrixport made a macro forecast: for BTC to reach the projected value at the end of this year, the flagship cryptocurrency should keep the level of $ 24,965. Bitcoin is almost succeeding — at the time of writing, the asset is trading at $ 24,584.