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Bitcoin just had its best day ever — Is $100K BTC price programmed?
Analysts expect Bitcoin price to breach $150,000 by the end of 2025, driven by the upcoming halving and the demand introduced by Bitcoin ETFs. Does this mean that the Bitcoin price is on track to reach $100,000 by the end of the year? Some analysts are expecting even higher price levels, while others are anticipating a local top at the all-time high price resistance of $69,000. ETFs could drive BTC price above $100,000 by end of 2024 The new price-agnostic demand introduced by United States spot Bitcoin exchange-traded funds (ETFs) will help the world’s largest crypto breach its previous all-time high, according to a research report by Bitfinex analysts, shared with Cointelegraph. Notably: “Our analysis forecasts a conservative price objective of $100,000-$120,000 to be achieved by Q4 2024, and the cycle peak to be achieved sometime in 2025 in terms of total crypto market capitalization.” Source - Coin Telegraph
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