Fundstrat says a bitcoin trading rule is kicking in and it’s headed to $100,000 by the end of 2021

In this photo illustration a Bitcoin logo seen displayed on a smartphone with stock market percentages in the background.

Omar Marques | SOPA Images | LightRocket | Getty Images

Bitcoin’s price broke $46,000 on Monday – its highest level since the middle of May – but Fundstrat Global Advisors believes the digital coin could soar to $100,000 by the end of the year.