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Crypto Exchange Kraken Says Bitcoin Is Set To Spike To Six-Figure Price by Year-End

During a recent reports, Cryptocurrency exchange Kraken explains how Bitcoin is set go end the year with a massive bullish run. More so, this bullish uptrend will see BTC’s value double from its September closing price.

More so, Kraken reports that bitcoin has seen a record of the best performing asset. Especially, during the last three months of the year.

“As positive of a quarter as 3Q ended up being for BTC,..”
“…it ought to be noted that 4Q has historically been BTC’s best quarter with…”
“…an average and median return of +119% and +58%, respectively.”

Kraken adds,
Additionally, Kraken says Bitcoin had the potential to end the year around $100,000. Of course, Judging from the average return noted over the years.

“At BTC’s quarter-end closing price of $43,800, a +119% return…”
“…in 4Q2021 would put BTC at roughly $96,000.”

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Furthermore, Kraken explains that a median return of 58% will launch Bitcoin to appreciate to $69,000 before the end of the year. Currently, Bitcoin is trading at around $54,800 at time of writing. Which of course, represents an uptrend capacity of 25%.

Lastly, The cryptocurrency exchange, Kraken goes on to say that October seems more volatile for Bitcoin than September. Meanwhile, Bitcoin is about 25% uptrend from October’s opening price of $43,820.

“Shifting focus to October, one will see that the month is typically more volatile than Sept…”
“…(average annualized volatility of 66% vs. 61%), and BTC tends to finish +13% higher…”
“..when looking at historical averages. Though October has the promise of…”
“…being a favorable month for BTC, one should take heed to November..”
“..and December being just as favorable for the bulls.” Kraken

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.