Could Bitcoin Break $100,000? Analysts Predict 6-Figure Milestone

Quick Summary:

We’re heading to six-figure bitcoin.* ETF flows reaccelerating * Election approaching * Infinite deficits (bipartisan agreement! ) * Economic stimulus in China * Global rate cuts (Fed, ECB) * Halving supply shock starting to bite * Whales accumulating — Matt Hougan (@Matt_Hougan) October 18, 2024 Keiser’s Projection Meanwhile, Bitcoin maximalist Max Keiser shared the same sentiment about the future of BTC price, but his prediction is more than twice the price estimate given by Houghan.

The new ATH Gold price is predicting Bitcoin will trade over $220,000 very soon.— Max Keiser (@maxkeiser) October 18, 2024 Key Factors For The Six-Figure Price Houghan explained that a surge in BTC price is more likely due to several factors driving its price appreciation such as institutional interest, on-chain factors, and macroeconomics.

Experts Eye Global Reversal As Catalyst Bitcoin: On The Road To $100,000 Bitwise CIO Matt Hougan predicted that Bitcoin price will likely breach the six-figure level, saying that it is inevitable for the coin to reach that milestone.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaChinaEl SalvadorSouth KoreaMaliPhilippines

Topics: Btcusd Price analysis Crypto Bitcoin Cryptocurrency Market News Btc

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Article Type: News Report

Published On: 2024-10-20 @ 00:30:01 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 67 lines

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Copyright Owner: © NewsBTC

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