Bitcoin (BTC) Price Will Reach $100,000 in 2024 –Standard Chartered Bank.

Bitcoin (BTC) price is set to hit $100,000 at the end of 2024, according to Standard Chartered Bank’s Head of Crypto Research, Geoff Kendrick.

On-chain data trends show Bitcoin volatility has now dropped lower than the Nasdaq 100 and S&P 500 Indexes, a move that could attract more institutional capital.

Technical indicators suggest that the mid-to-long-term BTC price resistance is around the $42,500 area.

Bitcoin price broke above $38,200 again on Wednesday, November 29, as the BTC generated interest from institutional investors again this week. Standard Chartered Bank’s Head of Crypto Research, Geoff Kendrick reaffirmed the firm’s optimistic prediction that Bitcoin price could hit $100,000 in 2024.

On-chain analysis highlights critical Bitcoin on-chain stats that could attract a wave of corporate interest to the crypto markets in the long term.

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