Bitcoin Hits New All-Time Highs in 2024
Bitcoin, the leading cryptocurrency, has been on a tear in 2024, hitting several new all-time highs. The price surge is fueled by optimism surrounding the approval of Bitcoin ETFs and strong inflows into these funds.
The recent price action of Bitcoin has been impressive, with the cryptocurrency surpassing the $70,000 level and reaching levels last seen in November 2021. This bullish momentum has led many to speculate on when Bitcoin will hit the key six-figure level of $100,000.
Benzinga recently conducted a poll on X (formerly known as Twitter) asking its followers when they think Bitcoin will reach $100,000. The results of the poll revealed that 34.5% of respondents believe Bitcoin will hit $100,000 in March or April, while over 77% see it happening within the next three months.
The increased optimism for Bitcoin hitting $100,000 is further supported by a previous poll conducted by Benzinga, where 52.8% of respondents believed Bitcoin would reach this milestone sooner than expected.
Many analysts and crypto experts are also bullish on Bitcoin’s price trajectory, with some predicting that $100,000 is the next target and could be achieved before the end of 2024. This sentiment is shared by a significant portion of Benzinga’s followers, indicating a real possibility of Bitcoin hitting $100,000 in the near future.
As Bitcoin continues to make new highs and gain mainstream acceptance, the crypto community remains optimistic about its future price potential. Whether Bitcoin will indeed reach $100,000 in 2024 remains to be seen, but the current market sentiment suggests that the milestone is within reach.
For the latest updates on Bitcoin and the cryptocurrency market, be sure to follow Benzinga and Benzinga’s Crypto account on X.
BTC Price Action: At the time of writing, Bitcoin is trading at $67,228.53, with a 52-week trading range of $24,797.17 to $73,750.07.
In conclusion, the recent surge in Bitcoin’s price has sparked renewed excitement in the crypto community, with many predicting that $100,000 is on the horizon. As the market continues to evolve, all eyes will be on Bitcoin’s price action to see if these predictions come to fruition.
