bitcoin is poised for significant gains before the year’s end, with analysts predicting a price range between $120,000 and $150,000, contingent on macroeconomic factors and continued investment into exchange-traded funds (ETFs). The cryptocurrency is currently undergoing a period of consolidation, but experts believe further Federal Reserve interest rate cuts could propel it to new heights.
Thes projections come as investors closely monitor bitcoin’s performance amid fluctuating market conditions. A surge in ETF inflows, coupled with favorable economic policies, could accelerate the upward trend, impacting a broad range of stakeholders from individual investors to institutional funds. Failure of these conditions could see a dip to around $110,000.
Ryan Lee of bitget forecasts bitcoin will target between $123,000 and $150,000 if the Fed implements additional cuts. Enmanuel Cardozo at Brickken anticipates a year-end close above $120,000, with a potential push toward $150,000 if ETF investments increase.Bitfinex analysts offer a base case of $125,000 to $135,000 by December, but caution a downside scenario of $110,000 to $115,000 if macroeconomic conditions worsen or ETF flows slow.