Bitcoin to Hit $100K—Steve Wozniak
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Wozniak began his session by talking about his experience investing in Bitcoin, noting: “I bought a bunch of bitcoin at the start to say how do you play with this new thing? How do you buy something online? I conquered that. How do you buy things in other countries, and how would you pay for a donut in another country? How do you find an ATM that works on your bitcoin? I want to experiment and learn it all,” adding:
“And then bitcoin went way up. Well, I got scared, and I sold all my Bitcoin except one.”
The Apple co-founder asserted that his purpose is “to have enough to play with, experiment with, but not make money on,” adding that “two times it’s gone way up and made money.”
Wozniak later made a prediction for Bitcoin, noting: “Just recently, I think bitcoin is going to go to $100,000.” He explained: “I just don’t know where you get that feeling. I can’t put any mathematics to it. I just really feel it from all of the interest. The interest in crypto is so high.”
The billionaire further noted that he recently “put a bunch of money” into a crypto wallet on Coinbase. “Pretty much, it’s sitting right where it was right now. [It] went way up, it doubled, and then it halved again.”
Key Bitcoin Levels to Watch — March 13
While it continues to trade in an erratic pattern, BTC appears to be trading on a mild upward trend since its crash to $33K in January. After an attempt at the $42K top last week, the primary cryptocurrency recorded another slump towards $38,500, where it currently trades around.
That said, I foresee a steady bullish climb in the near term and expect a sustained break above the $41K pivot top by the end of this week. Towards month-end, we could see BTC retest the $46,600 price zone, where it could regain its footing above the long-term bullish trendline.
Meanwhile, my resistance levels are at $40,000, $41,000, and $42,000, and my key support levels are at $38,500, $37,500, and $36,000.
Total Market Capitalization: $1.74 trillion
Bitcoin Market Capitalization: $740.6 billion
Bitcoin Dominance: 42.5%
Market Rank: #1
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