Analyst Forecasts Bitcoin to Reach $100,000 by 2024.

Cryptocurrency analyst Adam Back suggests that Bitcoin (BTC) has the potential to reach $100,000 before the upcoming halving event in April. This prediction comes as Bitcoin experiences a significant uptrend in February. Recent data from CoinMarketCap indicates that the price of BTC has surged over 10% in less than 2 days, reaching approximately $56,200.

In a post on X on February 10, Back shared his Bitcoin price forecast, anticipating that the digital asset would achieve a new all-time high (ATH) before the highly anticipated halving event in April 2024. Back relies on his analysis of Bitcoin’s historical price volatility, noting that similar to the recent surge, BTC surpassed the $56,000 mark in 2021, ultimately reaching an ATH of $69,000 within a 41-day journey.

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