Could Bitcoin reach $100,000 in 2024?
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?
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Source Fool.com