Bitcoin (BTC) $100K? Analysts Weigh In on BTC Price Predictions for End of 2024

According to Cointelegraph: Following a 30% weekly rally driven by Donald Trump’s election victory, Bitcoin has hit new highs, nearing $90,000. This remarkable surge has analysts setting ambitious year-end targets, with many forecasting a historic milestone of $100,000 or beyond.Key Analysts’ Predictions for Bitcoin by Year-EndLennix Lai, OKX: Target: Beyond $100,000 Lennix Lai, OKX’s Global Chief Commercial Officer, predicts Bitcoin will surpass $100,000 by the end of 2024. He points to potential “paradigm shifts” fueling crypto’s growth but warns of macroeconomic risks, including potential inflation and geopolitical tensions.Tony Sycamore, IG Markets: Target: Low-to-mid $90,000s IG Markets’ Tony Sycamore sees Bitcoin landing in the low-to-mid $90,000s, suggesting the recent rally has priced in the positive post-election sentiment. Sycamore anticipates that altcoins like Ethereum may start to catch up as the year progresses.Josh Gilbert, eToro: Target: $100,000 Josh Gilbert from eToro believes the rally is far from over, predicting Bitcoin to hit $100,000 by year-end, driven by strong institutional interest and cooling interest rates. However, he notes that Bitcoin might experience a pause after recent rapid gains.Ki Young Ju, CryptoQuant: Target: $58,000 Contrasting the bullish consensus, CryptoQuant CEO Ki Young Ju expects Bitcoin to close at around $58,000, citing overheating in derivatives markets. He predicts potential corrections and cautions that a year-end rally could set up for a 2025 bear market.Pav Hundal, SwyftX: Target: $103,000 SwyftX’s Pav Hundal suggests a Fibonacci extension analysis points to a $103,000 target. He remains bullish, projecting Bitcoin to close out 2024 above $100,000.Guy Armoni, HDI Fund: Target: Around $100,000 Guy Armoni from HDI Fund expects continued crypto adoption to propel Bitcoin to $100,000, potentially extending the bull market into 2025. Armoni even suggests BTC could reach $250,000 if momentum persists.Mati Greenspan, Quantum Economics: Outlook: Long-term Bullish* Quantum Economics founder Mati Greenspan views Bitcoin’s growth as part of a long-term bull cycle, potentially lasting years. He expects the asset’s upward trajectory to extend beyond 2024, fueled by continued demand.Ben Simpson, Collective Shift: Target: $100,000 Ben Simpson, CEO of Collective Shift, sees Bitcoin reaching $100,000 by year-end, citing Trump’s victory, lower interest rates, and high Bitcoin ETF volumes as key factors driving demand.Tom Wan, Independent Analyst: Target: $80,000–$95,000 Independent analyst Tom Wan forecasts Bitcoin could reach $95,000 but sees the $100,000 level as a psychological resistance point. Wan anticipates increasing institutional demand as pro-crypto regulation comes into play under Trump’s administration.TL;DR: Bullish Outlook, but Expect VolatilityOverall, most analysts predict Bitcoin will trade near or above $100,000 by the end of 2024, though many warn of potential volatility and corrections along the way. With macroeconomic factors, institutional demand, and regulatory shifts all in play, Bitcoin’s year-end trajectory is one to watch closely.