Bitcoin Targets $100K by Year-End, Analyst Links Surge to Trump’s Crypto Push

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CoinEdition2024/11/17 16:00

By:Parth Dubey

Bitcoin is expected to hit $100,000 by the end of the year, predicted an analyst. The analyst also stated that now is the correct time to trade crypto. A range of $80K-$84K is good for buying Bitcoin.

Bitcoin is expected to hit $100,000 by the end of the year, predicted an analyst.
The analyst also stated that now is the correct time to trade crypto.
A range of $80K-$84K is good for buying Bitcoin.

Bitcoin (BTC) could reach the $100,000 price milestone by year-end, according to Michael van de Poppe, a crypto analyst. Bitcoin had just recently reclaimed the $90,000 level, edging closer to its all-time high of $93,434.36.

Van de Poppe shared his analysis on X (formerly Twitter), predicting continued volatility in the crypto market. He also forecasted significant gains for altcoins in the near future. The total market capitalization of the digital asset sector surpassed $3 trillion , with trading volume over the past 24 hours recorded at $152.22 billion.

The analyst encouraged traders to consider entering the market during pullbacks, particularly for Bitcoin and Ethereum (ETH). Highlighting a chart, he suggested a good entry point for Bitcoin could be between $80,000 and $84,000, emphasizing patience before opening new positions.

Bitcoin Targets $100K by Year-End, Analyst Links Surge to Trump’s Crypto Push image 0

Bitcoin Targets $100K by Year-End, Analyst Links Surge to Trump’s Crypto Push image 1

Trump’s Presidency and Its Impact on Crypto

Interestingly, the election of pro-crypto candidate Donald Trump as the president of the United States is also expected to play a major role in the advancement and adoption of the digital asset sector. Ripple CEO Brad Garlinghouse believes that tokens (other than Bitcoin) associated with US firms will benefit the most in the current market cycle.

Read also : SUI Soars 440% as XRP, DOGE, FLOKI Join Crypto Rally

Bitcoin’s all-time high of $93,434.36, achieved just five days ago, reflects the cryptocurrency’s strong momentum. It recorded a 12.4% surge over the past week and a 32.5% increase in the last month. Bitcoin’s market capitalization now stands at $1.79 trillion, while trading volume slightly dipped by 3.7% to $43.47 billion. The cryptocurrency’s dominance in the market remains substantial at 58.7%.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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