Investor and bitcoin commentator Mike Alfred predicted bitcoin would reach $100,000 by Thanksgiving on Nov. 26. The call came after bitcoin reclaimed $81,000; reaching his target would require a gain of about 23%. It is a forecast, not a measured result.
The source says roughly $2.7 billion in leveraged bitcoin short positions face liquidation if the price reaches $84,000. Analyst Ki Young Ju warned that bitcoin must hold $80,000 to avoid a liquidation cascade toward $73,000. The source also presents the Federal Reserve’s Oct. 28 rate decision as a possible influence on the price, but does not report its outcome.
