Experts familiar with how to predict BTC price claim the largest cryptocurrency by market capitalization could still see massive gains this year to reach a $100,000 price point, regardless of the recent BTC price correction. While BTC had recently dipped below $50,000 over the last week, it quickly regained up to 20%, signaling an attractive robustness to market hopefuls.
The token remarkably hit the $62,000 mark less than two weeks ago as investor panic concerning an impending US recession waned. Currently, the asset sells just below the $60k mark at $59,440 and is up by over 2% in the last 24 hours, according to CoinMarketCap reports. Experts say investors may be seeing only the beginning of BTC’s massive gains to come for the rest of the year.
Experts Tips BTC to Hit $100,000 Before 2024 Ends
Anyone familiar with what happened to crypto in 2024 admits that BTC has quickly become a central point in discussions around the industry this year. The largest virtual assets by market capitalization opened the year on a high note after the Securities and Exchange Commission (SEC) approved the first crypto ETF in the US in January.
Only three months later, BTC price peaked at an all-time high of $73,000 signaling a potential momentous spike underway. Meanwhile, many expert forecasts claim BTC is set to break and set new records before the year ends.
Bitcoin rebounded from last week's market crash towards an anticipated upward trajectory as it approached $60k again. Observers claim the leading virtual assets are only "consolidating inside a broadening wedge pattern," with a target of reaching the $100k mark.
Meanwhile, TradingView analyst Alan Santana predicts even larger gains for Bitcoin. According to the crypto prediction expert, BTC is bound for the bullish run, with a current RSI figure above 57.
However, many analysts predict that BTC prices will fall before realizing the predicted bullish momentum. According to comparative short-term bearish trends from 2022 metrics, the token could still dip to $36,000 this year. However, that would only lead to a massive rebound that could stretch to the $100k mark before 2024 ends.
Santana predicts a new all-time-high of $190,000-$230,000 over the next two years after the asset completes a bearish run. Meanwhile, the TradingView expert's views are certainly realizable if BTC passes the $100,000 mark in 2024.
Bitcoin price has already gained over 100% of its worth over the last year. As the market expects Bitcoin ETF options in the last quarter of the year, we could see the asset experience the monumental surge experts predict.
Final Thoughts
Bitcoin price to hit $100,000, according to experts. Experts claim the largest crypto by market cap may need to dip to $36,000, before regaining a massive spike that could hit the $100k mark before the year ends.