Bitcoin (BTC) is approaching the highly anticipated psychological milestone of $100,000 per coin, sparking diverse reactions among analysts. While some are euphoric, others remain cautious or skeptical.
Market Sentiment as Bitcoin Nears $100k
Eric Balchunas, Bloomberg’s senior ETF analyst, recently asked on X: “What happens when Bitcoin hits $100k?” The post garnered over 1,800 comments in 10 hours, reflecting a mix of optimism and caution.
As of this writing, Bitcoin trades at $98,440**, slightly retracing from its recent all-time high of **$99,500.
👉 Bitcoin price predictions and expert insights
Bullish Outlook: From $100k to $1 Million
Many analysts foresee Bitcoin surpassing $100k and eye even higher targets:
- Crypto Stream: Targets $120,000.
- Cryptofucious: “The first $100k are the hardest.”
- Bitcoin Archive: Predicts BTC could reach $1 million, citing market euphoria.
“We get bored within 15 minutes and then make memes like ‘Bitcoin to €1m is inevitable’… and we make that happen too.”
— Bitcoin Archive (November 21, 2024)
Cautionary Views: Pullbacks and Altseason
Trading experts anticipate volatility:
- Brooklyn: Expects BTC to hit $104k** before retracing to the **mid-$90k range.
- CryptoRodo: Predicts a 20–30% correction post-$100k, followed by institutional accumulation and a potential altcoin rally (10x–50x gains).
“Bitcoin goes parabolic, retail gets crazy… we’ll see BTC peak between $150k–$180k.”
— CryptoRodo (November 22, 2024)
FAQs
1. Will Bitcoin crash after hitting $100k?
Analysts are divided. Some foresee a short-term correction (20–30%), while others believe institutional demand will sustain the rally.
2. What’s the next target after $100k?
Bullish projections range from $120k** to **$1 million, though $150k–$200k is a common mid-term estimate.
3. How will altcoins perform post-BTC $100k?
Experts like CryptoRodo predict an altseason, with select altcoins surging 10x–50x as Bitcoin dominance dips.
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Key Takeaways
- Bitcoin’s $100k milestone could trigger volatility, with analysts split between euphoria and caution.
- Institutional adoption and ETF inflows may cushion downside risks.
- Altcoins could outperform if BTC enters a consolidation phase.
Featured image from Shutterstock.
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