Author: Pablo Dávila S.
Date: November 13, 2024
Follow me on X (Twitter): @TiteWare

With Bitcoin's recent surge to $93,000 fueled by the election of Donald Trump as president, the crypto market is booming. Below is a summary of prominent analysts' projections on the price of Bitcoin and a comparison of their predictions for the end of 2024:

Summary of Predictions

  1. Lennix Lai - OKX
    Prediction: More than USD 100,000
    Perspective: He is confident in the current momentum, although he warns about the impact of temporary euphoria and macroeconomic uncertainty.

  2. Tony Sycamore - IG Markets
    Prediction: Low-middle region of USD 90,000
    Perspective: He believes that the effect of the "good news" has already been discounted, and anticipates a shift towards altcoins in December.

  3. Josh Gilbert - eToro
    Prediction: It will reach USD 100,000
    Perspective: He sees recent institutional adoption as a strong catalyst for BTC growth.

  4. Ki Young Ju - CryptoQuant
    Prediction: USD 58,000
    Perspective: More conservative, it warns of overheating in the derivatives market and suggests a possible correction before the end of the year.

  5. Pav Hundal - SwyftX
    Prediction: USD 103,000
    Perspective: Based on Fibonacci extensions, expect a significant rise driven by technical factors.

  6. Guy Armoni - HDI Fund
    Prediction: Around USD 100,000
    Perspective: Relying on a lasting uptrend, supported by global adoption and a positive regulatory climate in the US.

  7. Matti Greenspan - Quantum Economics
    Prediction: The long-term rise continues
    Perspective: He doesn't believe the rally is close to over and expects BTC's bull run to last for several years.

  8. Ben Simpson - Collective Shift
    Prediction: USD 100,000
    Perspective: Anticipates strong institutional demand that could keep the price rising to six digits.

  9. Tom Wan - Independent Analyst
    Prediction: Entre USD 80,000 - USD 95,000
    Perspective: He points to $100,000 as a major psychological resistance, but sees BTC potentially reaching that figure if favorable regulatory adoption continues.

Comparison of Predictions and Expectations

Overall, analysts agree on a bullish forecast for Bitcoin, with the median prediction hovering between $90,000 and $100,000. Opinions vary between those expecting an institutional push to take BTC to a new high, and those who are cautious due to the volatility of the derivatives market and possible short-term corrections.

Conclusion: What Can We Expect?

As we approach the close of the year, analysts are keeping an eye on how institutional and macroeconomic dynamics will play out. While the $100,000 target appears within reach, it is not guaranteed, and volatility remains a key factor. With institutional interest on the rise and an increasingly favorable regulatory environment, 2024 could close on a high point, setting the stage for even greater expansion in 2025.

Author: Pablo Dávila S.
Date: November 13, 2024
Follow me on X (Twitter): @TiteWare

Reference:
https://cointelegraph.com/news/100k-bitcoin-analysts-btc-price-prediction