Kraken: Bitcoin price is expected to exceed $100,000 by the end of this year

The cryptocurrency exchange Kraken predicts that by the end of this year, Bitcoin will rise to nearly $100,000, and it may even exceed this threshold. In its report "October 2021 Market Review and Outlook", Kraken explained its bullish forecast with past events. It pointed out that the fourth quarter is usually a very successful period for Bitcoin. Therefore, if Bitcoin replicates the price increase in 2017, it may reach $96,355 by the end of the quarter. “Assuming that BTC continues to follow in the fourth quarter of 2017, we expect that BTC will rise further at the end of the month. In some cases, a 220% return in the fourth quarter of 2021 means that the price of BTC may be US$96,355.