As we have seen before Bitcoin is not stable - it is constantly improving and we can imagine that Bitcoin will remain the dominant cryptocurrency for a very long time. We can also imagine that Bitcoin may reach $100,000 or more in the future, yes Bitcoin will hit $100k this year. But it is important for us to remember that these are not just predictions and guarantees.
While many wonder if Bitcoin will hit $100,000 this year, we've seen it cross the halfway point in 2024 to around $72,000. We see that Bitcoin price was around $26,000 a year ago and has increased by 250% again in 12 months, 50% increase by the end of 2024 is not impossible. To answer the question we can believe that there is a strong possibility that Bitcoin will reach $100,000 by the end of 2024.
We think that BTC will hit $100k this year, and we can also imagine that next year it will be more likely that BTC will cross $100k in a short period of time.
The highest highs seen in the Bitcoin market were around $74000. From 74 thousand dollars the market dumped down to a minimum of 50000. Currently, the Bitcoin market is hovering between $62,000 and $63,000. It won't take long for Bitcoin to reach 100 from here. When Bitcoin continues to grow, Bitcoin can grow to $2,400,000 in a very short period of time. Reaching $100k is not impossible but may not happen in 2024 more likely in 2025. It will reach 100k dollars by 2024 or 2025.