Post
Topic
Board Speculation
Re: Can Bitcoin reach 100k USD in 2024?
by
reagansimms
on 01/10/2024, 05:44:59 UTC
Bitcoin is very bullish currently.
Not long ago, Bitcoin reached a new all time high proving its sceptics false.

Do you expect it is possible in 2024 for Bitcoin to reach 100k USD?
Bitcoin will continue to be the center of attention of Investors especially after reaching ATH of over $73k in early 2024. Various speculations have emerged on Bitcoin resilience after passing its ATH, not a few investors hope that Bitcoin can reach $100k. However, as has happened before, Bitcoin must overcome several important challenges to reach that level. The potential to reach $100k is huge, but it must pass the resistance level first. Maybe now is a good momentum due to the effects of Halving and the interest rate cut by The Fed.
One of the impacts of Halving that is starting to be seen now is the disruption of Bitcoin supply which is starting to decrease and USD liquidity flooding the market, this situation allows the demand for Bitcoin to increase, the occurrence of these two things will greatly affect the price spike.

Reference: https://www.reuters.com/markets/us/bitcoin-could-hit-100000-by-end-2024-standard-chartered-says-2023-04-24/