Bitcoin surged above $72,000 on March 11, marking a new all-time high and surpassing silver to become the eighth-largest asset by market cap.

Is this a sign that Bitcoin is poised to reach $100,000 soon? Analyst Crypto Rover believes so, predicting that the cryptocurrency will hit the $100K milestone within the next 21 days.

The possibility of Bitcoin reaching six figures is gaining traction as it breaks past its previous records, with analysts eyeing the 1.618 Fibonacci extension target of around $102,134 within the next three weeks. This bullish outlook is fueled by increased mainstream acceptance and institutional interest, particularly with the launch of U.S.-based spot Bitcoin exchange-traded funds (ETFs) in January.

Bitcoin's recent price surge coincided with the U.K.'s Financial Conduct Authority opening doors for institutional investors to create crypto-backed exchange-traded notes, with the London Stock Exchange (LSE) set to accept applications for Bitcoin and Ethereum crypto ETNs in the second quarter of 2024.

Moreover, Bitcoin's upcoming halving event in mid-April, which occurs roughly every four years, is expected to further tighten its supply. This reduction in supply, coupled with growing demand, typically triggers a significant price rally.

As the countdown to $100,000 BTC begins, industry experts are closely monitoring Bitcoin's price movement. If Crypto Rover's optimistic prediction materializes, the next 21 days could be pivotal in cementing Bitcoin's position as a leader in digital finance. With strong fundamentals, Bitcoin's journey to $100,000 may be imminent, signaling a new era in cryptocurrency investment.