CIO Adaptive Capital: Buying time at support levels, Bitcoin moves to $100,000

Murad Mahmudov, a former Goldman Sachs analyst and investment director of Adaptive Capital's cryptocurrency hedge fund, expects the Bitcoin exchange rate to rise to $100,000.

"At first glance, it seems like we're going to have sluggish fluctuations over the next week or so, but my intuition tells me there's a constant accumulation at these levels. Don't try to outplay yourself in short time frames, zoom out and think bigger. I think Bitcoin is moving towards $100,000," he wrote on Twitter August 13.

Mahmudov analyzed the key levels of Bitcoin support and noted that the indicators "200MA/EMA/RSI + weekly support indicate a level of $10,800, but at least it will be a fuse, given the support in the glasses of crypto-bond exchanges.

"If I had to make a decision, I would have been patient and slow to add at each support level," he writes.

Previously, the $100,000 goal for Bitcoin was already called by the founder of Morgan Creek Digital, Anthony Pompliano, who expects his forecast to come true by the end of 2021.