Bitcoin analyst: $100K BTC price by February 'completely within reason'

BTC price trajectory appears all but destined for six figures in the mid term — despite nearly eight months of Bitcoin market consolidation.

Bitcoin (BTC) is only in the initial stages of a bull run and a $100,000 BTC price may come in as soon as three months.

In his latest market analysis on Oct. 24, network economist Timothy Peterson said that “ignition” has already come for a new Bitcoin bull market.

Bitcoin has spent nearly eight months consolidating after its latest all-time high of $73,800 in March.

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