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    Vikshita Vitthal Gujaran in Bitcoin

    05 Mar 11:54 AM


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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