Top Analysts Said “Bitcoin is Coming to $100 Thousand” and Explained Their Reasons!

The long awaited day has come and gone and Donald Trump He became the new president of the USA. trump Bitcoin and made many promises about the cryptocurrency market, analysts said after Trump’s win BTC He predicted that the price would increase.

At this point, while 100 thousand dollars is the most expected level for Bitcoin by the end of 2024, some analysts say this is possible.

one of these Bitget Research baş analisti Ryan Lee He stated that Trump’s victory could push Bitcoin above $100,000.

Stating that the market environment is favorable for the rise of Bitcoin, Lee stated that the high market capitalization of the stablecoin and the increasing leverage in the market support a rise in Bitcoin within three months.

“Trump’s victory will pave the way for a rally in Bitcoin.

In addition to Trump’s victory, the current market environment is also bullish, while the market value of stablecoins has reached a new peak, fluctuating around $160 billion.

In addition, there is a significant leverage ratio in the market.

Ultimately, all these factors could lead BTC to reach $100,000 in the next three months.”

Lee recently stated that inflows into spot Bitcoin ETFs and long positions by institutional investors show Wall Street’s confidence in crypto, and stated that increasing institutional interest will support the rise.

Lee ; “BTC ETFs may see further net inflows in the coming trading days, indicating that Wall Street institutions are optimistic about the market outlook. “The long-short ratio of accounts in the futures market is below 1, which indicates that institutional investors in the crypto market are taking long positions through futures transactions and expecting an increase.” he said.

Outside of Bitget analyst Matrixport analysts He also shared that he expects $100,000 in Bitcoin. Cryptocurrency services provider Matrixport claimed in its weekly report that Bitcoin could reach $100,000 in the coming months with positive regulatory changes and a global adoption rate of around 8%.

With Trump’s presidential victory and proposed pro-Bitcoin policies, including a strategic Bitcoin reserve and plans to bypass regulatory hurdles, Bitcoin will attract more investors and could reach $100,000, analysts said.

*This is not investment advice.