Crypto YouTubers Say Bitcoin $100K Bull Run Is Here

The latest Bitcoin news show that the most dominant cryptocurrency has already initiated the bull run which could spark its further run up to $100,000 according to two popular social media personalities. The crypto YouTubers spoke in a Market Discussion on January 31 and said that Bitcoin had been in a bull market “for some time now.”

The bloggers include The Moon (Carl Runefeit) and DataDash (Nicholas Merten) who both said that the cryptocurrency is decisively bullish, cementing their positive sentiment from many analysts throughout January.

During this time, BTC/USD has gained more than 30% which made it the second best major investment opportunity that is available this year – standing behind the Tesla stock. If we take the crypto YouTubers’ opinion for granted, we may believe that a new bullish run is coming in the latest cryptocurrencies news.

As The Moon and DataDash claimed, the market has a solid trajectory now. “Until we get to $20,000, we’re not going to see the parabolic run that we’ve seen in previous cycles, like when we went from $1,000 to $20,000 in 2017,” Merten noted.

“That’s really what I define as a key bull market for cryptocurrencies, but we’re trading higher… we’re going for higher highs and higher lows, those are all positive signs,” the crypto YouTubers summed up.

Merten also added that the target for the next bull cycle was anywhere between $80,000 and $100,000. Meanwhile, before this we saw the veteran trader Peter Brandt capturing the growing sense of relief among traders in his own Market Discussion two weeks ago.

Then, the analyst said that the “weak hands are out” of Bitcoin and went on to note that the previous lows of $6,000 are not anymore on the horizon. His unique opinion subsequently gained support from the fellow trader, Tone Vays, as well as the Ezee Trader partner Charlie Burton.

Summarizing things, the crypto YouTubers said that $9,500 was now the major resistance focus. As Runefeit said, “In my opinion, that would be the level to watch…On the monthly timeframe, we’ve been in a bull market ever since Bitcoin broke back above $6,000.”

At press time, the BTC/USD pair is trading at $9,373 in mixed movements and the total cryptocurrency market cap is preparing to hit the $259 billion mark.