The third and final piece of the puzzle is market sentiment. This has the power to move markets up or down extremely quickly. Right now, investors are buoyant. Equity markets are at all-time highs, Bitcoin is at an all-time high, and Nvidia just became the first company to hit a $4 trillion market valuation.

Bitcoin price and other cryptocurrencies were recovering on Wednesday following a set back to key crypto legislation Tuesday. Bitcoin is up 2.2% over the past 24 hours to $119,228, according to CoinDesk data.

Here is where some top financial firms and investment professionals are saying Bitcoin prices are going and why these price projections are vital to sustaining the crypto market. Bitcoin went on a nice run last year,