Bitcoin will grow to $ 100 thousand

Many cryptocurrency experts and analysts predict that bitcoin BTC $104,224.42 Bitcoin -1.48% Market capitalization $2.06 trillion VOL. 24 hours $3.51 billion will rise to $ 100,000. However, before that, the leading cryptocurrency is expected to fall to $ 73,000 or even $ 58,000.

As you know, since the beginning of November, bitcoin has been showing rapid growth, having updated its historical high many times. For instance, on November 13, bitcoin broke another historical record at $ 91,000.

Analyst Vladimir Cohen compared the current market situation to the fall of 2023, when bitcoin grew by 70% in two months.

At that time, the main growth factor was short liquidity and the new USDT stablecoin issue, but now bitcoin is at a historic high, which may lead to a correction (decrease in value).

It is reported that for further growth, bitcoin needs to close the gap (the difference between the closing prices of the previous trading period and the opening of the next) on futures at a level between $ 78,100 and $ 81,200.

The next wave of growth may begin in December if the S&P 500 updates its historical highs and the US Federal Reserve cuts its interest rate.

It also requires a steady flow of funds into bitcoin ETFs, as well as monetary policy easing and continued purchases of BTC by MicroStrategy.

Analyst Nikita Zuborev noted that too much growth adds a lot of risks, and a direct path to $ 100,000 seems unlikely at this point.

Thus, technical indicators point to overbought conditions, as well as active sales by major market players, which can slow down growth.

As a result, the cryptocurrency may correct to the level of $ 73,000−74,000, and in the worst case, bitcoin may fall to $ 58,000−60,000.

Expert Alfred Hamzin believes that forecasts of bitcoin reaching $ 100,000 are optimistic, but a short-term correction may occur after that.

Thus, in 2025, bitcoin will gain a foothold above this mark.

Cryptocurrency market expert Tony B, CEO of CeDeFiAi, is also confident that bitcoin can even overcome the $ 120,000 mark on the wave of positive news.

Overall, the forecasts remain positive, although the risks of short-term corrections cannot be ignored.

As a reminder, cryptocurrency experts believe that the significant increase in the value of bitcoin shows an impulsive movement, which will soon lead to a drop in the leading cryptocurrency to $ 70,000.