This year has been nothing short of amazing for Bitcoin and the cryptocurrency market and investors are wondering where BTC will land at by the end of 2024.
Investment firm ARK Invest anticipates a breakthrough for Bitcoin (BTC) before the close of 2024, with projections suggesting it could climb into six-figure territory.
Analyst David Puell relies on historical trends to forecast a significant rise in Bitcoin’s value, drawing insights from data spanning over a decade.
According to Puell, Bitcoin’s performance in 2024 has already surpassed the average for comparable periods in past years.
He estimates that if this momentum continues through December, Bitcoin could reach a performance multiple between 2.48x and 2.94x, potentially pushing its price range to $104,000–$124,000.
Looking beyond this year, Puell foresees Bitcoin’s upward trend continuing, especially if institutional adoption gains traction and the incoming U.S. administration under President-elect Donald Trump explores adding Bitcoin to federal reserves.
Such moves, Puell suggests, could set the stage for a strong close to 2024 and sustained growth into 2025.
Bitcoin could be on the verge of another major breakout as institutional inflows return to levels that historically trigger rapid price acceleration.
According to on-chain analyst Darkfost, Bitcoin is entering a new stage of on-chain behavior marked by two key developments: a rare third peak in the SOPR Trend Signal during a single bull cycle and a sustained outflow dominance in exchange flows.
According to the latest Santiment report, the crypto market is entering a critical phase, with a mix of bullish on-chain signals and cautionary sentiment indicators.
In a stunning on-chain event that has reignited curiosity across the crypto community, more than $8.6 billion worth of Bitcoin linked to the network’s earliest years—commonly referred to as the “Satoshi era”—was quietly moved on Friday in what analysts believe is the largest single transfer of early-mined BTC ever recorded.