Crypto enthusiast allowed bitcoin to rise to $100,000

The CEO of the investment company ARK Invest, Katherine Wood, expressed the opinion that the situation in the banking industry may threaten stablecoins, but this does not prevent the growth of BTC and ETH. The expert also believes that the authorities have not taken the necessary steps to prevent a crisis in the banking industry.

According to Wood, the tension in the banking market can become a prerequisite for the growth of the popularity of decentralized finance, which is quite contrary to the policy of regulators. While the American financial system is in collapse, cryptocurrencies have not gone astray.

This week, the bitcoin rate rose above the $26,300 mark, while the price of ethereum rose to $1,780. Wood believes that “instead of blocking transparent, verifiable and well-functioning decentralized platforms, regulators should focus on centralized and opaque ones” that threaten the traditional banking system. The head of ARK Invest is confident that the regulators should have prevented a market crisis that has long “loomed on the horizon.”

The founder of the investment firm Capriole, Charles Edwards, also spoke in favor of cryptocurrencies. He stated that the main digital coin is preparing for a “perfect $100,000 push, just like in the textbooks.” According to the expert, Bitcoin is trying to implement the bump and run reversal model.

“A bump-and-run bottom is a bullish reversal pattern that begins with a series of down peaks. Excessive speculation drives prices down to extreme lows. Then the price movement changes direction to an uptrend and marks the end of the downtrend,” said the founder of Capriole.

At the same time, Edwards made a reservation that, as often happens in technical analysis, the figure may not work.