Experts predict bitcoin’s growth to $ 100,000

During the recent surge in the value of cryptocurrencies that has captured the attention of the cryptocurrency community, bitcoin has made significant gains, signaling a potential bull market on the horizon. Famous crypto analyst Jerel provoked discussions on social media by writing a tweet suggesting an inevitable upward trajectory for BTC.

The expert expressed confidence in the performance of the main digital asset, tweeting that BTC $94,418.26 Bitcoin -2.91% Market capitalization $1.87 trillion VOL. 24 hours $1.93 billion is headed for new highs. He noted that the next upward movement of bitcoin has begun and expressed the opinion that reaching the $ 100,000 mark is only a matter of time.

Currently, the price of bitcoin is $ 69,844, which indicates a 1% drop over the past 24 hours. The market capitalization of the Cryptocurrency has increased to $ 1.3 trillion.

The BTC halving will take place on April 20, 2024. During the halving, the reward for miners who create new blocks and maintain the network 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).