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- Bitcoin finally breaks through the $100,000 price target making history today.
- The new $ATH is set at $103,900.47, Bitcoin’s first-ever 6-digit $ATH.
- Analyst expects $128,000 $BTC price by the end of this year.
Bitcoin breached the $100,000 barrier setting a new $ATH at $103.900.47 setting a historic milestone for the pioneer crypto asset. Bitcoin’s previous $ATH was set at $99,655.50 last week and analysts were sure that this $ATH would be surpassed by $BTC very soon to set its first-ever 6-digit $ATH.
Bitcoin Sets First 6-Digit $ATH at $103,900.47
This outcome was highly expected by seasoned analysts across the crypto market. One silver-tongued crypto analyst, known for his accurate predictions, predicted that when Bitcoin does set its $ATH, it would not be at $100,000, but rather that it would surpass it and set the $ATH above as far as $106,000.
#$BTC: Next target $103,000 – $105,000 pic.twitter.com/r1ocRN76Jf
— Doctor Profit 🇨🇭 (@DrProfitCrypto) December 4, 2024
However, earlier today, Doctor Profit released a new prediction for the price of Bitcoin ($BTC). As we can see from the post above, Doctor Profit predicted that the next $ATH target for Bitcoin would not be $100,000 or $106,000 but rather a new $ATH between the $103,000 and $105,000 price range.
True to his silver-tongued nature, this is exactly the outcome that played out where according to CoinMarketCap analytics, the latest $ATH for Bitcoin ($BTC) was set at $103,900.47. Presently, the price of $BTC has dipped slightly to $102,695 with a total market cap of $2,033,246,106,971.40 and a 24-hour trading volume of $106,353,538,265.08.
Analyst Expects $128,000 $BTC Price by the End of the Year
#Bitcoin $128,000 by Year-End? 🚀
— Titan of Crypto (@Washigorira) December 4, 2024
A Bull Pennant is forming on the daily chart, gearing up for a breakout. If it plays out, #$BTC could soar past $120K.
Few see it coming. Are you ready? pic.twitter.com/8qxQF0y2lt
With higher expectations for $BTC price as the crypto bull cycle continues, analysts are all making continued predictions for how much higher Bitcoin price will go. As we can see from the post above, this analyst predicts that Bitcoin will hit $128,000 by the end of the year. He notices a bull pennant forming on the daily chart and expects a big breakout for $BTC price.