Bitcoin's price could approach $100,000 faster than expected, as it seems to be breaking away from traditional markets and gold. Despite initial drops, Bitcoin recently rallied, showing some strength.
- BTC initially fell over 3% but bounced back 4.5% to about $84,700.
- The S&P 500 dropped significantly by 10.65% this week.
- Gold hit a record of $3,167 before dropping 4.8%.
- Market analysts suggest that Bitcoin might follow a strong recovery pattern.
- Potential price targets show a decline to $65,000 if negative trends continue.
| Price Movement | Amount |
|---|---|
| Bitcoin Current Price | $84,700 |
| Potential Rise to $100,000 | Next month |
| Bearish Target Price | $65,000 |
