Kaleo: Bitcoin will reach $ 100,000

At the opening of trading on Wall Street on June 3, bitcoin BTC $98,714.22 Bitcoin 2.34% Market capitalization $1.95 trillion VOL. 24 hours $6.32 billion exceeded the $ 70,000 mark, continuing to grow after the previous day’s close.

Data from Cointelegraph Markets Pro and TradingView showed that the daily growth of the BTC price was close to 4%. The bulls started the week with a fresh attempt to bring BTC back to the $ 69,000 level — the former all-time high for 2021 and a key psychological level.

Analyzing the current landscape of exchange order books, popular trader Skew noted the price premium for perpetual swaps. «The spot market is still in control, look at the price around $ 70k,» he wrote in part of his post on X. «We continue to see prices for perpetual swaps (an agreement to exchange assets, interest payments, interest rates, etc. — ed.) fall. I would like to see a further reduction in the perp premium towards a higher spot premium (settlement terms under which payment is made immediately — ed.).»

«The $ 66k and $ 72k levels remain important from a liquidity perspective. Keep an eye on these levels,» a fellow trader and commentator at Daan Crypto Trades reacted to the data.

The relatively rapid growth of bitcoin, meanwhile, has prompted new calls for a return to price discovery. «Almost three months after hitting its recent all-time highs, the price of BTC/USD now has a target of $ 100,000. It’s a magnet,» insists trader Kaleo.