Bitcoin reached the new ATH by breaking its previous ATH before the halving in April.
While this situation is seen by analysts as an important turning point for BTC, the answer to the following question is now being sought: “Will Bitcoin be able to exceed its all-time high of $ 73,700 in 2024?”
While analysts generally say “yes” to this question, there are differences regarding the new ATH level.
At this point, while there is a concentration of $ 100,000 as the first target for BTC, famous cryptocurrency analyst Timothy Peterson said that BTC could reach $ 100,000 in the fourth quarter of 2024 or in the second quarter of 2025 at the latest.
But Peterson argued that only one main indicator is needed for $ 100,000 and everything depends on the US Federal Reserve.
Speaking to Cointelegraph, Peterson claimed that the high yield rate in the US must fall for BTC to rise to $100,000.
“The interest rate in the US is a great indicator for Bitcoin, and that rate really needs to fall below 6% or 7% for a new ATH on BTC.
If the interest rate falls to the 6% or 7% range, Bitcoin could hit the much-anticipated $100,000 price level by the fourth quarter of 2024 or at the latest by the second quarter of 2025.”
*This is not investment advice.
