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Analysts have revealed the time frame in which the price of Bitcoin will rise to $100,000

At the end of last month, the market share of the Bitcoin cryptocurrency rose to 60 percent, which has not been recorded since the spring of 2021.

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Photo – t4.com.ua

As reported by “NBN”, with a link to the YouTube channel of the analytical company 10X Research, digital market experts presented a forecast regarding a potential “jump” in the Bitcoin rate to 100,000 dollars.

Such expectations of financiers are based on an assessment of historical data, current market dynamics and external prerequisites, judging by everything, indicating a probable increase in the value of the cryptocurrency. In particular, Bitcoin regularly reaches a new maximum every six months, and the average growth over the next 3 months is usually at least 40 percent.

Thus, given the current value of Bitcoin at $73,000, analysts believe that by January 27, 2025, the digital currency is likely to grow to $101,000, including due to the “black hole” effect. The said phenomenon should occur, since against the backdrop of the rising BTC rate, the dominance of this cryptocurrency on the market is expanding, and the leading asset “draws in” other capital, lowering the value of alternative “coins”.

Earlier we wrote about the fact that the Ministry of Digital Development suggested how to check a product for participation in “Natskashback”.

nbnews.com.ua

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