On November 11th, COINOTAG News highlighted the insights of prominent cryptocurrency investor Alistair Milne, who shared his projections regarding Bitcoin’s price trajectory on social media platform X. Milne indicated that the psychological threshold of $100,000 serves as a critical target for Bitcoin, suggesting a potential pullback of around 20-25% prior to reaching this key milestone. He speculated that many in the market could prematurely conclude the end of the current bull cycle once this target appears imminent.
Moreover, Milne noted a tendency for investors who capitalized on gains above $95,000 to criticize those still holding their positions. Yet, he suggested that Bitcoin could swiftly bypass the $100,000 mark, potentially igniting a wave of ‘generational FOMO’ among retail investors. Crypto influencer Cobie weighed in as well, asserting that the transition from $80,000 to $100,000 poses significant challenges, whereas the leap from $100,000 to $250,000 may prove far less arduous.