Bitcoin recently fell back to $95,000 after nearly reaching $100,000, but investment management firm ARK Invest believes it is only taking a pause before reaching higher levels. ARK Invest expects Bitcoin to reach price targets of $104,000 to $124,000 by the end of the year based on Bitcoin's seasonality and on-chain metrics. David Puell, a research associate at ARK Invest, believes that the current market is in the middle of a bull cycle, with Bitcoin potentially experiencing a pullback in 2022. ARK Invest CEO Cathie Wood has set a bullish target for Bitcoin of $1 million to $1.5 million per coin by 2030. However, Puell warns that eventually, Bitcoin could suffer another bear market and potentially plummet 70% from its all-time high. The future price floor will depend on how high Bitcoin climbs before the market turns.



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