Bitfinex analyst: It is expected that the price of BTC will reach $100,000 to $120,000 in Q4 2024

Analysts at the cryptocurrency exchange Bitfinex stated that our analysis predicts a conservative price target for BTC to reach $100,000 to $120,000 in the fourth quarter of 2024. As for the total market value of cryptocurrencies, the peak is expected to be reached at some point in 2025. The introduction of ETFs has brought about 'passive demand', meaning that demand comes largely from investors who are not primarily concerned with prices. They see Bitcoin as a store of value rather than a tradable volatile asset, and this has been the case in the years leading up to the launch of ETFs.