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Could Bitcoin reach $100,000 in 2024?

TheMotleyFool

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Could Bitcoin reach $100,000 in 2024?: https://g.foolcdn.com/editorial/images/759125/bitcoin-cryptocurrency-golden-coins.jpg

It's hard to believe that Bitcoin (CRYPTO: BTC) was in the depths of a brutal crypto winter just a year ago, falling as low as $16,735. Fast-forward to today, and Bitcoin is up more than 160% in 2023, hitting a yearly high of just over $43,000. By all accounts, the crypto winter has thawed.

This level of resurgence isn't uncommon for Bitcoin, especially after bear markets. However, it does raise the question: How much more momentum could Bitcoin have? Could it ride this wave and reach the coveted six-figure mark of $100,000 in 2024, or would that be too big of a jump too fast?

Image source: Getty Images.

Source Fool.com

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