Bitcoin (BTC) is the world’s first and most popular cryptocurrency, with a market capitalization of over $1.3 trillion. Since its launch, it has seen a meteoric rise in both value and adoption, becoming a household name among investors, traders, and enthusiasts alike.
Bitcoin is currently aiming to surpass the $71,000 mark once again, targeting its previous all-time high of $73,737. The upcoming Bitcoin halving event is fueling a bullish rally in BTC, with major altcoins following suit in response to its price surge.
Moreover, with the recent surge in interest and adoption of Bitcoin, many experts are predicting a continued upward trend for the cryptocurrency. In this article, we will explore the factors driving Bitcoin’s price and why it may potentially reach $100,000 by September 2024.
Can Bitcoin Reach to $100,000 by September 2024?
As we found on CoinMarketCap, Bitcoin is currently trading at around $70,231.15, showing 1% increase in price over the last 24 hours. The cryptocurrency holds over $1.3 trillion market cap, with a notable 17% increase in trading volume within the same timeframe.
Robert Kiyosaki, the popular author of the best-selling financial guidebook “Rich Dad Poor Dad,” has made a bold prediction regarding Bitcoin (BTC). He suggests that Bitcoin has the potential to skyrocket to $100,000 by September 2024, attributing this projection to the upcoming halving event.
Kiyosaki strongly supports the cryptocurrency market, expressing bullish sentiment towards BTC and gold. He thinks that the future is dominated by digital assets, suggesting a potential decline for the US dollar in the long term.
Moreover, our technical analysis shows that if historical patterns continue to repeat, Bitcoin could potentially reach $100,000 by September 2024. However, if the market is bearish and any negative news surrounding the crypto market, the value of BTC Can decrease to near $60k.
Also Read: Bitcoin (BTC) Predicted to Skyrocket Over $89,000: Find Out When
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
