Bitcoin predicted to top $100k before the end of the year, insiders say

Bitcoin peaked at $93.483,99 on 13 November 2024, in an unprecedented bull run that brought the grandfather of crypto past its previous all time high of $73,835 from March 2024. The renewed optimism in crypto can be traced back to the outcome of the 60th US presidential election in which Donald Trump swept Kamala Harris. Since the day Trump won the election, 5 November, Bitcoin surged more than 33%.

This bitcoin analysis and prediction for the rest of 2024, more specifically by the resident crypto hodler Edward Howarth who has made numerous correct crypto predictions.

Analysts believe that as long as Bitcoin remains only a tool for speculators, the price will not reach $100k, but with the growing interest of institutional investors and the increasing use of cryptocurrencies in the real business segment, the value will rise. Now there are few real use cases, only Bitcoin casinos use this cryptocurrency and a small part of online shops. Even to buy coffee for Bitcoins is difficult, you need to be an advanced Internet user, to find out where and how to get a cryptocurrency card.

“What we’re seeing right now is just the tip of the iceberg, the first stage of a major bull run that will take Bitcoin to previously unseen heights”, Howarth claims. “It’s possible that a five-figure BTC will be a distant memory very soon. I fully expect Bitcoin to make light work of the $100k resistance and then make it a permanent support.”

The reason why Bitcoin surged because of Trump’s win is that this ended the previous administration’s – though they’re still in power until January – war on crypto. This was a case of a massive display of positive market sentiment among just about everyone in the crypto community, and the real gains are yet to come.

PlanB, the inventor of the stock-to-flow model, always seems to be the most ambitious of the forecasters, but it seems that his predictions are true and that Bitcoin is just catching up with his model. PlanB foresees a January push to $200,000 before some people cash out and pull the price back to $150,000 in February. In March, he expects the price to reach $300,000 as BTC becomes legal tender in some countries. PlanB further expects Bitcoin to reach $1,000,000 in mid-2025.

At the moment, PlanB’s stock-to-flow model shows that the realistic price of Bitcoin is $280,000. From April 2024 to August 2025, according to the model, there is a steady rise from $115,000 to $1,300,000.

“PlanB is ambitious as always, but he’s actually the voice of sanity”, claims Edward Howarth and proceeds to elaborate on the stock-to-flow model and offer his own prediction. “This model simply states what the value of BTC should be if we’re being honest about it. Of course many factors influence the actual price, and here we see that uncertainty was really bad for Bitcoin. The combination of wars in the world and the democratic war on crypto has kept the price low. And now it will explode.”

“In the short term, expect significant price action both up and down as investors try to make more money by buying and selling, but the initial hoorah is now gone. When it goes up next time, and it will, it will be a much more serious bull run that will get us past $100,000 easily, maybe even in the $150,000 territory. I’m just not sure if it will happen this year already, or if we’ll have to wait for Trump to enter the office. In any case, keep your eyes and ears open for important world news. Crypto will follow.”

At this time, it would be difficult to find a person who predicts Bitcoin price will drop as everyone agrees this is a positive time for crypto, as indicated by te Crypto Fear & Greed Index that currently stands at 80, which is Extreme Greed, up from 32 at the beginning of October.

The information presented in this article is for educational and informational purposes only, and it does not consitute financial advice. The two experts simply gave their own personal opinions on what the price of Bitcoin will be.