Sometime Goldman Sachs annotator turned Bitcoin (BTC)  maximalist Murad Mahmudov believes the superlative cryptocurrency will hitting $100,000.

"Zoom out & think large"

In a tweet posted on Aug. xiii, Mahmudov — who serves equally principal data officer (CIO) at cryptocurrency hedge fund Adaptive Capital — wrote:

"At first glance this looks similar a weak chop for the next week or and then, but my intuition tells me there is steady accumulation happening at these levels. Don't endeavour to outsmart yourself on short timeframes, zoom out & think big. In my view, BTC is going to $100K per orangecoin."

BTC-USD technical analysis

BTC-USD technical analysis. Source: @MustStopMurad

Mahmudov analyzed the money's cardinal back up levels, observing that "200MA [moving-average] /EMA [exponential moving average]/RSIbands [relative strength indicator]+Weekly back up all bespeak to 10.8 [$ thousands) but you may get a wick at nearly given the orderbook support across exchanges."

Isolating $10,800 equally an emergent cardinal back up level on the BTC/USD daily chart equally well, he said that — with the caveat that he is not purporting to give financial communication — "If I were a betting man, I would be patiently and slowly adding at every key support."

To the sky

Mahmudov's eye-popping $100,000 forecast has been recently echoed past Morgan Creek Digital Assets founder Anthony Pompliano, who considers that the recent dovish turn by central banks will be rocket fuel for Bitcoin's price and help bulldoze it to $100,000 by the end of 2021.

Pompliano also cited bitcoin'southward halving — the reduction of mining rewards in half in May 2020 — equally a major factor probable to propel the money's valuation up.

This July, Cointelegraph reported that United States-based regulated crypto derivatives and immigration platform LedgerX was giving retail investors the risk to bet on Bitcoin hitting $100,000 by 2020.

At press time, Bitcoin is trading in the $eleven,200-300 range, fractionally downward on the day, according to Cointelegraph's Bitcoin Price Index.