Bitcoin price is projected to hit $100,000 by the end of the year. Analysts base this prediction on historical patterns following past halving cycles, which suggest a breakout in the coming weeks.
The bullish outlook is further supported by global economic factors including China’s $280 billion stimulus package and the Federal Reserve’s rate cuts.
Moreover, the Bank of Japan’s dovish monetary policy and the potential re-election of Trump could positively impact Bitcoin’s demand.
Lower inflows in exchanges and repayments from FTX are also expected to boost Bitcoin’s demand in the market.
