Bitcoin's Path to $100K: Predictions and Market Sentiments
TL;DR Summary
Bitcoin's price surged to over $84,000, marking a 25% increase in a week, with analysts predicting further gains potentially reaching $150,000. Despite some market participants betting on a significant price drop, the current bull market shows no signs of major pullbacks. Contributing to the price rise are low funding rates in derivatives markets and significant investments, including MicroStrategy's $2 billion BTC purchase. Additionally, Bitcoin ETFs have seen substantial inflows, indicating strong institutional interest.
- Bitcoin price gains see ‘significant pullbacks’ ruled out before $150K Cointelegraph
- Why Bitcoin's Record Price Rally May Be Choked Between $90K and $100K? CoinDesk
- Anthony Pompliano on when Bitcoin will hit $100K Fox Business
- Bitcoin Options Show Traders Betting on $100,000 by Year-End Bloomberg
- Prediction markets now give Bitcoin a 52% chance of reaching $100K in 2024 Crypto Briefing
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