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 is always changing, as we can see its price change every year. In that case, if you look at the history of Bitcoin at the gate, you will understand that Bitcoin is moving forward to enter more highs in the coming days. But I think it is very unlikely that the price of Bitcoin will hit $100k in 2024, but the price of Bitcoin will reach this level in the next new year.
We have already seen the price of Bitcoin hit an all-time high in 2024, but we expect it to reach an all-time high $100k in 2025.
Bitcoin price will start to increase from present time to touch the highest high level in 2024, because Bitcoin price will peak in 2025. It is correct. But right now we are in the pre-bull run moment, even though the price of Bitcoin hit an all-time high in 2024 so it will likely hit a peak price in 2025. Because halving was in 2020 and Bitcoin peaked in 2021, in that context we will definitely see Bitcoin price hit record highs in 2025 and I think it will easily hit the $100K milestone.
The bull run that was supposed to happen after Bitcoin's halving has not happened yet. We can expect that expected bull run in Bitcoin to take place in the next few days. Due to ETF approval, the number of institutional investors in the market has increased tremendously and if a possible bull run starts then we will soon be able to see a major bull run in the market which may exceed all previous records. However, the exact timing of Bitcoin's bull run is uncertain. Those who are investors can be profitable from their investment within a short time if they hold for long term. It is very likely that Bitcoin will be worth 100K in 2024. There are still about 3 months left in this year and there is a high possibility that Bitcoin will be bullish during this time.
