The recent Bitcoin (BTC) resurgence is driving increased interest in the possibility of the crypto hitting a new all-time high, with the $100,000 mark considered the next ideal level. Speculation about when it will reach the coveted $100,000 mark has been a constant topic of discussion in the crypto world.
Based on this speculation, an analysis by crypto analyst TradingShot, posted on TradingView on October 26, shed some light on when this long-anticipated milestone might be reached.
The analysis derived from historical data and the timing of previous rallies suggested that Bitcoin could experience a 310% rally that takes it to the highly anticipated $100,000 mark in one of four potential months in 2024.
“Based on these ranges, we can expect a +310% rally on Bitcoin, which would make a direct hit on the psychological and highly anticipated macro level of $100k, either in January 2024, May 2024, July 2024, or October 2024,” he said.
Bitcoin price analysis chart. Source: Trad
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