Can Bitcoin Reach $100,000 in 2022?

Bitcoin (CRYPTO: BTC) dropped below $30,000 per coin in May. The question on everyone's mind is: Can Bitcoin reach $100,000 by the end of 2022? While a 3.3-times increase in price may seem out of reach for many, this sort of growth is not unheard of, especially for Bitcoin.

When Bitcoin dropped 40% in March 2020 due to COVID-19-induced market turbulence, it then rallied more than 10 times in the 12 months that followed. Past events are not a predictor of future performance, but we may be able to draw analogies to give us confidence in predicting the direction of the market.

Can Bitcoin reach $100k in 2022?-Image source: Getty Images.

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Source Fool.com