2024

Bitcoin

Sherpa

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-bitcoin-could-reach-six-figures-by-late-2024/" data-wpel-link="internal">Analyst Predicts Bitcoin Could Reach Six Figures by Late 2024</a><br></p>
<p style="text-align: justify">In the cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">markets</a>, a closely followed popular analyst suggested that Bitcoin (BTC) could skyrocket to a six-figure <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> level by the fourth quarter of 2024. The senior analyst mentioned that Bitcoin could reach $100,000.</p> 
<h2 id="call-for-a-bull-cycle-from-the-analyst">Call for a Bull Cycle from the Analyst</h2> 
<p style="text-align: justify">Popular <a href="https://en.coin-turk.com/luna-and-ceek-coin-price-analysis-what-to-expect/" data-wpel-link="internal">crypto analyst</a> Altcoin Sherpa, through statements made on the social media platform X, told his followers that the bull cycle of the highest <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> value cryptocurrency is not yet complete. The senior analyst stated:</p> 
<blockquote> 
 <p style="text-align: justify">Yet, I don’t think this will end here. I still believe BTC will hit six figures and we will see some sort of frenzy.</p> 
</blockquote> 
<h2 id="img-loading-lazy-loading-lazy-decoding-async-class-alignnone-size-full-wp-image-349845-src-https-coin-turk-com-wp-content-uploads-2024-05-btv-jpg-alt-width-1810-height-802"><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-349845" src="https://coin-turk.com/wp-content/uploads/2024/05/btv.jpg" alt="" width="1810" height="802"></h2> 
<h2 id="100-000-target-for-bitcoin">$100,000 Target for Bitcoin</h2> 
<p style="text-align: justify">According to the senior analyst, the leading cryptocurrency could reach a $100,000 level in the fourth quarter of 2024. However, Altcoin Sherpa noted that there are several challenging bear scenarios that could see BTC drop up to 35% from its current price before reaching six figures. He finally added:</p> 
<blockquote> 
 <p style="text-align: justify">Is it over? I don’t think so. However, I believe such price movements will lead to larger downtrends/pullbacks. Even if BTC goes to $40,000-$50,000, it is still a high timeframe. But if we see a move to $50,000, it will likely result in a severe move that could devastate the market; the transition from $60,000 to $50,000 will be strong, and altcoins could face cuts of 50% or more from current levels… We are not there yet, but we might need more cleansing. I can imagine a scenario where BTC goes to $40,000-$50,000, everything gets wiped, we stay there for three to four months, and then in the fourth quarter of 2024, it shoots up to $100,000.</p> 
</blockquote> 
<p style="text-align: justify">The leading cryptocurrency, Bitcoin, was trading at $62,374, showing a slight increase over the last 24 hours at the time this article was written.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-bitcoin-could-reach-six-figures-by-late-2024/" data-wpel-link="internal">Analyst Predicts Bitcoin Could Reach Six Figures by Late 2024</a></h5>

Analyst Predicts Bitcoin Could Reach Six Figures by Late 2024

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