$100K Bitcoin? Analysts Share End-of-Year BTC Price Predictions
Following Donald Trump's election victory, Bitcoin has experienced a significant rally, climbing nearly 30% and hitting new all-time highs above $90,000. Analysts have shared their predictions for Bitcoin's price by the end of 2024, with many forecasting a close range around or above $100,000. Lennix Lai from OKX predicts BTC could exceed $100,000, driven by a potential growth phase for crypto, but warns of macroeconomic uncertainties. Tony Sycamore expects it to land in the low to mid $90,000s, while eToro's Josh Gilbert sees it hitting $100,000, citing ongoing bullish factors including institutional interest. Other analysts have diverged, with CryptoQuant's Ki Young Ju predicting a year-end close around $58,000 due to overheated derivatives markets. SwyftX's Pav Hundal and HDI Fund's Guy Armoni forecast BTC will finish between $100,000 and $103,000. Despite the bullish sentiment, experts caution about volatility and potential market corrections ahead.
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