Bitcoin made history on December 5 and broke the $100,000 mark for the first time. During its journey to its current all-time high of $103,800, it also reached a market capitalization of $2 trillion.
However, market watchers are now looking ahead to see how high BTC/USD can go.
Cointelegraph takes a look at some of the latest popular #BTC price predictions for the end of 2024 and beyond. Asset management giant #ARK Invest is not used to optimistic BTC price reviews, and the current article focuses on the fact that the BTC/USD pair will grow by another 25%.
In a blog post originally published on May 11, researchers including Puell Multiple creator David Puell cited a minimum threshold of 124,000.
If #bitcoin reaches the 12〜month overall historical average or the average of all half-lives by the end of 2024, the multiplier could range from 2.48x to 2.94x and its price could potentially reach -104,000 to -1,124,000, 〜 they wrote.
ARC drew attention to the wave of institutional demand for bitcoin that has characterized this year.
As a result, if institutions continue to take an interest in this new asset class and the U. S. government is serious about including Bitcoin in its strategic reserves, it is likely that interest in bitcoin will increase by 2024.
Pewell added in X 12/5 that bitcoin has already reached the lower end of its target range.
Popular crypto traders are not without #optimism about BTC price growth.
Among them is Jell, who sees £130000 as a potential next target.
A chart uploaded to X 12/5 shows that the BTC/USD pair is coming out of a bullish trend that started on the 11th month ago. The target for this bullish trend is ¥130000, he wrote in an accompanying commentary.
the breakout is confirmed - send it higher.
another trader, Axel Kibar, previously suggested that 100,000 bitcoins would be bitcoin's next long-term high, as opposed to 137,000 bitcoins, which he believes is not psychologically or technologically important.
Markets are predicting a "breakthrough
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