Bitcoin Price Crash Below $100,000 Not The End As Analyst Predicts Another 52% Jump

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According to the analyst, this ambitious target could materialize as soon as February 2025, given Bitcoin’s current rate of price growth.  Related Reading: Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals What’s Next In The Parabolic Trend At present, Bitcoin is trading at $101,600.

Particularly, Bitcoin’s price action in the past 24 hours has been between $98,839.87 and $105,306, highlighting the potential corrections that could occur as the cryptocurrency continues to edge upwards.  This fluctuation comes amid a broader bull market cycle that analysts like CryptoCon suggest is far from over.

For the cryptocurrency to reach the $162,000 level, it would need to register another 60% increase from its current price point.  CryptoCon does not see the February 2025 target as the conclusion of Bitcoin’s bull run.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Analyst Btc price Crypto analyst Crypto Btcusd Bitcoin news Bitcoin Bitcoin price Bitcoin BTCUSDT Crypto news BTC news Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 17:30:20 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 69 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 24556391

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