The market leader, Bitcoin, has been displaying significant price action since the start of February, indicating a strong bullish influence in the cryptocurrency industry. The Bitcoin price successfully recorded a new ATH today with a high $70,029.
The BTC price has added 7.92% within the past seven days, highlighting a positive price action for the coin. Further, the price of Bitcoin has added 46.74% over the past seven days and over 58% Year-to-Date (YTD).
Will Bitcoin Price Hit $100,000 This Month?
The Bitcoin price has displayed a notable run and continues to trade under a robust bullish influence, suggesting a rise in the inflow of digital assets. With the BTC token achieving a new ATH, the crypto industry displays a strong fundamental for the upcoming time.
With the current market sentiment and the upcoming Bitcoin Halving, the target price is now achievable. The Bitcoin price is predicted to test its target price of $100,000 this year, which requires a jump of about 49.25% in valuation.