Can Bitcoin reach $100,000 by the end of the month? According to crypto millionaire Josh Mandell, this possibility is becoming increasingly likely. A sharp uptrend is expected if Bitcoin closes above $84,000. The growing interest of major investors also indicates that the price could rise even higher.

Bitcoin continues its rise in the final days of the week, trading at $82,900. This price represents a 10% increase from the month’s lowest level, creating a renewed optimism among investors in the crypto market. The total market value of Bitcoin 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 REMAIN FEARFUL Despite the recent movements in Bitcoin’s price, investors seem cautious. The crypto fear and greed index remains at 24, indicating fear among investors. Analysts believe that one of the biggest reasons for this situation is the ongoing trade wars between the US and its major trading partners. This atmosphere of uncertainty is causing investors to be more cautious. 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, mentions that if Bitcoin closes above $84,000, it is likely to reach $100,000. Mandell’s background in the finance world is also noteworthy. After working at Salomon Brothers in the 90s, he served at Caxton Associates, making him a well-known name in the financial markets for many years. 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 success. By sharing his Fidelity account details, he revealed that his portfolio grew from $2.1 million to over $23.4 million. He largely achieved this gain by trading Bitcoin and MicroStrategy (MSTR) options. Additionally, in a notable prediction made in November, he suggested that if Bitcoin’s base is at $84,000, it could rise to $444,000. This prediction was widely discussed, surpassing 1 million views. INSTITUTIONAL INVESTORS CONTINUE TO INVEST IN BITCOIN Expectations for the rise of Bitcoin are not limited to individual investors. Institutional investors are also continuing their interest in the crypto market. Under the leadership of Cathie Wood, Ark Invest increased its assets by purchasing $80 million worth of Bitcoin this month. At the same time, they expanded their stake in Coinbase. Moreover, MicroStrategy, led by Michael Saylor, known for large Bitcoin investments, accumulated more Bitcoin in the past few months. These steps show that major investors are optimistic about the future of Bitcoin and expect the price to rise.