Bitcoin's rally continues, analyst predicts $100K mark by April's end

Key points:

Analyst Fred Krueger predicts BTC could reach $100,000 by April. Long-term price targets of $200,000 to $1 million are expected by the next halving cycle.

However, Ethereum's programmability poses a potential threat to Bitcoin's dominance.

News - Bitcoin's meteoric rise has been nothing short of extraordinary, with the leading cryptocurrency maintaining a double-digit rally since the fourth quarter of 2023. Well, after a 56.8% surge in Q4 2023, BTC has continued its rally in Q1 2024, currently boasting a gain of over 60%.

Fred Krueger, a prominent tech investor and Bitcoin advocate, believes the current market conditions present a highly favorable opportunity for Bitcoin. He emphasizes that "Bitcoin's risk-reward ratio is the best it's ever been."