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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- May 15, 2024 06:17 UTC
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Are You Ready for the Bitcoin Price Boom? Analyst Predicts $100K by 2024-End!
Bitcoin price is recovering after a dip and an analyst predicts it will reach $100,000 by the end of 2024.
The recent Bitcoin halving event reduced the supply of new coins, which could lead to a price increase.
The analyst predicts a long-term bullish trend for Bitcoin, with a price potentially reaching $250,000 by early 2026.
As the crypto market begins to thaw from the ‘crypto winter’, all eyes are on Bitcoin, the pioneer of cryptocurrencies. After briefly dropping to $57,000, Bitcoin has regained its footing, showing strong stability around the $61,000 mark.
Amidst the market recovery, crypto analyst Stockmoney Lizards is making bold predictions, foreseeing Bitcoin’s value soaring to $100,000 by the end of 2024. This optimism is fueled by expectations of a correction towards the end of summer, setting the stage for Bitcoin’s upward journey.
In a recent tweet, Stockmoney Lizards unveiled an encouraging roadmap for Bitcoin’s future, suggesting significant growth potential in the coming years.
Here’s more about this.
Halving Event Signals Change
The recent Bitcoin halving event marked a significant milestone. During this event, the reward for miners was cut in half from 6.25 BTC to 3.125 BTC. This move underscores Bitcoin’s economic model, designed to reduce the issuance of new coins over time.
This reduction in supply is anticipated to put upward pressure on the market, potentially pushing Bitcoin to new highs as it heads towards setting fresh records.
Bitcoin Set for Major Highs
Taking a closer look at the analysis, Stockmoney Lizards predicts a sharp rise in Bitcoin’s value, from $150,000 to $250,000 by early 2026. This projection reflects the growing enthusiasm and interest in cryptocurrencies, indicating potential growth and market trends that could shape Bitcoin’s path.
Current Market Status
At present, Bitcoin is trading around $62,008.26, showing a slight 1% decrease over the past 24 hours. Despite this dip, Bitcoin maintains a substantial market capitalization of $1.2 trillion, highlighting its enduring value and dominance in the market.
Do you agree with Stockmoney Lizards’ prediction? Share your thoughts.
Also Check Out : Momental Shift Seen From Bitcoin to Memecoins; A Pullback to $55,000 Appears Imminent Before a Breakout to $75,000
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