Analysts predict when bitcoin will reach $ 100,000

The flagship cryptocurrency is showing positive dynamics at the beginning of the week. BTC $65,755.33 Bitcoin -0.33% Market capitalization $1.3 trillion VOL. 24 hours $0.6 billion has risen in value by 3.7% over the past 24 hours. Amid the growth of the cryptocurrency, community members shared their forecasts for reaching $ 100,000 in HTP.

Trader Doctor Profit believes that bitcoin is preparing for the next powerful breakthrough, which will bring the cryptocurrency to levels above $ 80,000 and open the way to $ 100,000. At the same time, he assumes that bitcoin will spend a few more weeks in a sideways movement.

Analyst Michael van de Poppe made a similar prediction. He sees prerequisites for the cryptocurrency’s sideways movement. The expert noted that the $ 60,700 level could be the lowest point of correction.

Many members of the crypto community are waiting for BTC to start growing after the halving. This forecast was supported by crypto blogger The Bitcoin Therapist. In his opinion, the upcoming bull cycle will be the «largest in history.»

Scofield believes that investors will see bitcoin at $ 150,000 in 3−4 months. His colleague BitQuant expects BTC to reach $ 95,000 in May.

As a reminder, there are 26 days left until the BTC halving, which will take place on April 20, 2024. During the halving, the reward for miners who create new blocks and keep the network running is halved. With each halving, the price of bitcoin rises, as the decrease in the number of BTC creates additional demand for the digital asset. About a year after the halving, the price of the main cryptocurrency reaches a new high (ATH).