Could Bitcoin reach $100,000 by the end of the month? According to crypto millionaire Josh Mandell, this possibility is gaining strength. A sharp rise is expected if Bitcoin closes above $84,000. The increasing interest from major investors also hints that the price could rise even further.

Bitcoin continues its rise in the last days of the week, trading at $82,900. This price represents a 10% increase from the lowest level of the month, creating a positive atmosphere for investors in the cryptocurrency market. Bitcoin’s total market value has reached $1.62 billion. However, Josh Mandell, a popular crypto investor and analyst, predicts that the price could reach $100,000 by the end of the month.

INVESTORS’ FEAR PERSISTS
Despite the recent movements in Bitcoin’s price, investors seem cautious. The crypto fear and greed index remains at 24, signaling fear. Analysts attribute this partly to the ongoing trade wars between the US and its key trade partners. This environment of uncertainty leads investors to act more cautiously. However, Mandell believes that this fear in the market could be a strong catalyst for Bitcoin.

“A CLOSURE ABOVE $84,000 COULD OPEN THE WAY”
Josh Mandell, a popular analyst and crypto millionaire with over 79,000 followers on X platform, mentioned that if Bitcoin closes above $84,000, reaching $100,000 is likely. Mandell’s financial background is notable. After working at Salomon Brothers in the 90s, he served at Caxton Associates, establishing himself as an active figure in the financial markets. Salomon Brothers was one of the largest investment banks in the US until it was acquired by Travelers in 1997. Caxton Associates is known as one of the world’s leading hedge funds with assets under management of $12 billion.

Mandell is also known for his investment successes. By sharing his Fidelity account details, he demonstrated growing his portfolio from $2.1 million to over $23.4 million, primarily through Bitcoin and MicroStrategy (MSTR) options trading. In a notable prediction made in November, he suggested that if the $84,000 level in Bitcoin becomes the base, it could rise to $444,000. This prediction received over a million views and sparked widespread debates.

INSTITUTIONAL INVESTORS CONTINUE TO INVEST IN BITCOIN
Expectations for Bitcoin’s rise are not limited to individual investors. Institutional investors also maintain their interest in the crypto market. Ark Invest, led by Cathie Wood, increased its assets by purchasing $80 million worth of Bitcoin this month and expanding its stake in Coinbase. Additionally, MicroStrategy, led by Michael Saylor, known for large Bitcoin investments, has accumulated more Bitcoin in the past few months. These actions indicate that major investors are optimistic about Bitcoin’s future and expect the price to rise.