Bitcoin (BTC) closed at its last rally on December 31st as the last trading session of 2021 opened on Wall St.

1-hour light chart BTC / USD (bitstamp). Source: TradingView
Bitcoin Mail gets up to 60% YTD
Data from CoinTelegraph Markets Pro and TradingView tracked BTC / USD as it hovered around the $ 48,000 mark, hitting $ 48,550 in an hour a few days ago.

The rise in Bitcoin options coincides with the end of December, with the largest date on the options calendar being around $ 6 billion. An explicit purchase was recorded in the United States. This. Professional exchange at the start of a Coinbase Pro event.

With stocks traded in Asia, all eyes were on the prospect of a definitive heyday in 2022 amid fears of inflation.

On December 30, the S&P 500 reached its 70th highest level in a year at 4,806, but next year may look very different thanks to the Federal Reserve. For Jim Paulson, chief investment strategist at the Leidold Group, the future was bright – at least for the first half of the year.

“A lot of people think that we can get some of the money back when we enter the new year,” he told Bloomberg.

“Maybe, but I think we are likely to grow to 5,000 in the first half of the year because of the excitement that we can finally turn COVID from a pandemic into a deadly disease and the realization that inflation is high. Moderate. ”
By the end of the year, BTC / USD should exceed its starting position by about $ 19,000. Scaling down, Scott Melker, a prominent businessman and podcast host known as The Wolf of the Street, argued that the long-term BTC / USD rate speaks for itself.

“Do you want to get bigger and feel faster? Take a look at the BTC yearly chart. A little higher, ”he said in a Twitter comment on December 31st.

BTC / USD chart for 1 month (bitstamp). Source: TradingView
At least $ 100,000 by December 2022.
In the meantime, in a holiday twist, analysts at Plan B, Quantum are known for their ever-expanding liquid stock-based Bitcoin pricing model.

Related: Bitcoin May Remove $ 333k ‘Parabolic’ If That BTC Price Stops Fixing

He thoughtfully noted that Bitcoin was up 60% against the US dollar in 2021, with stocks trading 27% and gold 4%.

While far from where it was expected, the BTC / USD margin remains in place and is thus in line with the expected average price of $ 100,000 by 2024.

A peer-to-peer survey conducted earlier this week, which received about 180,000 responses, found that most respondents believe that Bitcoin will be trading anywhere between $ 100,000 and $ 200,000 in a year.

Source: CoinTelegraph

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