Could Bitcoin Break $100,000? Analysts Predict 6-Figure Milestone
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Este artículo también está disponible en español. Once again, Bitcoin has brought excitement to the cryptocurrency landscape as analysts predict an upward trajectory for the price of the alpha coin. The buzz of a Bitcoin price upsurge is making headlines as two crypto experts raised the possibility of it hitting the six-figure mark per coin, intensifying the discussion on the coin’s future. Related Reading Bitcoin: On The Road To $100,000 Bitwise CIO Matt Hougan predicted that Bitcoin price will likely breach the six-figure level, saying that it is inevitable for the coin to reach that milestone. Hougan said, in his X post, that the bullish sentiment on the digital asset put Bitcoin on a path towards trading above $100,000. He explained that several favorable factors fuel the coin’s amplified growth, exciting traders and enthusiasts on what lies ahead for the virtual currency. We’re heading to six-figure bitcoin. * ETF flows reaccelerating* Election approaching* Infinite deficits (bipartisan agreement!)* Economic stimulus in China* Global rate cuts (Fed, ECB)* Halving supply shock starting to bite* Whales accumulating — Matt Hougan (@Matt_Hougan) October 18, 2024 Keiser’s Projection Meanwhile, Bitcoin maximalist Max Keiser shared the same sentiment about the future of BTC price, but his prediction is more than twice the price estimate given by Houghan. Keiser, who is also an advisor to El Salvador’s president Nayib Bukele, made a bold statement that Bitcoin price would surge to $220,000, saying that the coin is on track to reach a new all-time record for its price. The new ATH Gold price is predicting Bitcoin will trade over $220,000 very soon. — Max Keiser (@maxkeiser) October 18, 2024 Key Factors For The Six-Figure Price Houghan explained that a surge in BTC price is more likely due to several factors driving its price appreciation such as institutional interest,…
Filed under: News - @ October 20, 2024 12:35 am