If the situation repeated now, the price for 1 Botcoin Bitcoin could easily reach the level of $200k by the end of 2021.
Everything is possible in the cryptocurrency market
It is surely not impossible but saying easily to reach $200k seems too much. For me, if Bitcoin price can reach $100k, it is more than enough ensuring me to sell all my Bitcoin. We must know that crypto market situation easily changes, we don't know what's happening in the near future. After crypto market is recovering this month, the market may experience a downtrend in the next few months. So, Bitcoin can decrease again, and probably hard to increase nearly $100k. Always think realistically and prepare everything to happen.
As a bitcoin enthusiast, I always believe in the positive future of bitcoin, it may be volatile but that doesn't take the potential to grow more in the future. $100k is likely to be achieved anytime soon, since the market is very unpredictable, we might see a sudden pump too especially if there's big news that supports the pump. Big positive news are here and that's the reason for bitcoin to grow in the long run.
While we are optimistic that Bitcoin will hit $100k, I don't think this will happen any time soon. Investor estimates based on previous news, they are targeting Bitcoin this year at $50k, while ATH exceeds the forecast price. I think this year's bull run is over, even if the next pump happens then Bitcoin price will not reach $100k. I expect Bitcoin price to reach $100k in 2024.