#BTCReclaims101K Bitcoin (BTC) price is predicted to reach between $100,000 to $150,000 by the end of 2024, depending on various market factors. Some of the key drivers of this increase include:

1. Institutional Support: The adoption of Bitcoin by large institutions such as the launch of Bitcoin Spot ETFs has absorbed a large supply in the market. The interest of institutional investors such as BlackRock has increased confidence in BTC【10】【11】.

2. Supply Shock: Bitcoin reserves on crypto exchanges have decreased drastically, while many long-term holders continue to hold their assets, creating supply pressure that could push the price higher【12】【13】.

3. Positive Sentiment: Pro-crypto regulatory factors, including friendly policies from the new US administration, as well as the potential shift of capital from other assets to Bitcoin as a “safe haven,” add to the bullish momentum【11】【13】.

However, market volatility remains a risk, along with potential changes in regulatory policies or macroeconomic conditions that could affect price direction【13】.

With this in mind, a BTC price target of $110,000 is quite realistic, provided there are no major market-disrupting events. Be cautious and do your research before investing.