Fundstrat analysts forecast Bitcoin price to reach $89,000

Fundstrat analysts forecast a further rise in Bitcoin to $89,000. This was reported by BNN Bloomberg.

“The initial target for Bitcoin above $65,000 — around $72,500, then $89,000,” according to Fundstrat in the report.

According to analysts, the market is currently pricing in the results of the launch of the first US exchange-traded fund based on bitcoin futures by ProShares. The instrument posted the second-most-active debut.

BNN Bloomberg added that the head of the cryptocurrency exchange BitMEX, Alexander Höptner, predicted Bitcoin reaching $100,000 by the end of 2021.

Bitcoin was trading at around $61,100 at the time of writing.

As noted, on October 20 Bitcoin reached the $67,000 mark and hit a new all-time high.

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