There are many mathematical models and technical indicators that are suggesting BTC will reach 100k very soon, but equally important is to take a look at the sentiment of the general public. Retail is where the money will be coming from that we need to push to these new levels.
Here we can see the Google search activity graph for the term ‘cryptocurrency’:
The explanation from Google: ‘The values indicate the search interest relative to the highest point on the graph for the selected region in the specified time period. The value 100 stands for the highest popularity of this search term. A value of 50 means that the term is half as popular and a value of 0 means that not enough data was available for this term.’
Here is the graph for bitcoin:
And here the graph for ethereum:
We can see that the Google search activity is roughly related to the market capitalization. However, even though we reached new ATHs just a week ago and will most likely achieve new ones soon, the search activity is nowhere near the top. Once it reaches new highs again, it should trigger a huge inflow of money into crypto and thus a push to levels never seen before.
Disclaimer: Nothing in this post is financial advice, you are responsible for your own decisions, this is only my personal opinion and I have no clue about anything.