$100000 could be the next gateway for bitcoin,but I think Bitcoin will hit $100000 in this year.

In 2021, bitcoin has successfully exceeded the previous target price of $50000 and the market value threshold of $1 trillion, only in the past two months. This month, bitcoin successfully broke through the $60000 mark. The report points out that with the rise of demand and the decline of supply, as well as the increasingly favorable macroeconomic environment, bitcoin, as an asset class, has matured and may reach the $100000 price threshold by the end of 2021.

What causes bitcoin to keep rising? The main reasons for bitcoin's continuous rise are that a large number of institutions buy long and the holders do not want to sell due to the decrease of supply. At present, the situation of bitcoin sellers is similar to that of 2017. The indicators on the chain and the price trend of bitcoin since the supply of bitcoin halved again in 2020 indicate that the selling enthusiasm is weakened and the appreciation tendency of cryptocurrency is supported. Annual production of the new currency fell to 2% of supply for the first time in 2021, and long-term holders seem as reluctant to sell as they were in 2016.(2021.3.16)