Blockchain
Here’s When Bitcoin Price Will Hit $100,000: Predictions and Key Events
In a much-anticipated manner, Q3 opens with a breakout rally to surpass $70K after a dull Q2. As Bitcoin surges from $60K, the market is expecting a long-term bull market. Rising hopes of interest rate cuts in the US market will strengthen the uptrend in BTC prices. Therefore, 2024 is expected to be a bullish year for Bitcoin, with a potential high of around $100,000 by September.
Many analysts believe that the BTC Price The trend has gradually gained bullish momentum after the fourth Bitcoin Halving. Historical patterns suggest that Bitcoin is poised for significant growth, potentially reaching the $100,000 milestone.
As the downtrend finally fades, Bitcoin’s latest bullish breakout has sparked excitement. Find out what’s fueling this rally and what to expect from Bitcoin and the broader cryptocurrency market in the coming months!
Bitcoin’s Path to $100K: Kyle Chassé’s Bold Prediction
Kyle Chassé, a well-known cryptocurrency analyst, is optimistic about the future of Bitcoin. He you think We are about halfway through the current bull market and Bitcoin is expected to hit $100,000 by September 2024. According to Chassé, this milestone will take Bitcoin into “MAJOR price discovery territory,” where there is potential for significant price increases.
He also predicts that mid-sized altcoins could post impressive gains of 20-50 times their current value, urging investors to mentally prepare for these potential surges.
Spot Ethereum ETF Approval: A Key Event Coming Soon
Chassé is also excited about the potential approval of an Ethereum ETF spot. He believes this approval is imminent and will be a significant development for the cryptocurrency market as a whole. The launch of such an ETF could boost the price of Ethereum by increasing institutional investment and market demand.
What future for Bitcoin?
While some are predicting that Bitcoin could reach as high as $150,000 or even $1 million, Chassé says it will reach $100,000 by September. With the recent price action, Bitcoin is positioned for potential further gains. The successful break above the $60K zone and the 50-day EMA suggests that BTC could continue to rise, building on the bullish momentum from the weekend. Bitcoin price rose to $62,983, up 3.54% today, while testing a crucial overhead trend line.
If Bitcoin breaks this trend line, it could reach $77,842 by the end of the month. However, if the price fails to break above the trend line, the key support levels to watch are $52,000 and $50,000.
Looking to the future, there is hope that ETH ETF Approval will attract more money and investors into the market, likely pushing the price of BTC to $100,000.
Read also: Ethereum Jackpot: Justin Sun’s Massive ETH Withdrawal, What Does It Mean For You?