Can Bitcoin reach 100,000 dollars by the end of the month? According to crypto millionaire Josh Mandell, this possibility is getting stronger. A sharp rise is expected if Bitcoin closes above $84,000. The increasing interest of major investors also indicates the price could go even higher.

Bitcoin continues its rise in the last days of the week, trading at $82,900. This price represents a 10% increase from the month’s lowest level, 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 REMAIN FEARFUL Despite the recent movements in Bitcoin’s price, investors seem cautious. The crypto fear and greed index remains at 24, indicating fear. Analysts attribute this to ongoing trade wars between the US and its major trading partners. This atmosphere of uncertainty leads investors to act more cautiously. However, Mandell believes that this fear in the market could be a strong catalyst for Bitcoin. “ABOVE $84,000 CLOSURE COULD OPEN THE WAY” Josh Mandell, a popular analyst and crypto millionaire with more than 79,000 followers on X platform, mentions that if Bitcoin closes above $84,000, it is probable to reach $100,000. Mandell’s background in the financial world is remarkable. After working at Salomon Brothers in the 90s and then at Caxton Associates, Mandell has been known as an active figure in the finance 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, managing $12 billion in assets, is known as one of the leading hedge funds in the world. Mandell is also known for his investment successes that attract attention. By sharing his Fidelity account details, he revealed that his portfolio increased from $2.1 million to over $23.4 million, largely through trading Bitcoin and MicroStrategy (MSTR) options. In addition, in his widely discussed prediction made in November, Mandell suggested that if the $84,000 level of Bitcoin becomes the base, it could rise to $444,000. This prediction received over a million views and sparked widespread discussions. INSTITUTIONAL INVESTORS CONTINUE TO INVEST IN BITCOIN Expectations of gains for Bitcoin are not limited to individual investors. Institutional investors are also continuing their interest in the crypto market. Ark Invest, led by Cathie Wood, increased its holdings by buying $80 million worth of Bitcoin this month. They also expanded their stake in Coinbase. Additionally, MicroStrategy, led by Michael Saylor known for his large investments in Bitcoin, has accumulated more Bitcoin in the past few months. These steps show that major investors are optimistic about the future of Bitcoin and expect its price to rise.