Bitcoin has been the talk of the town lately, especially with its recent surge to all-time highs of $73k. Despite its efforts to stabilize above $70k, analysts and experts are now setting ambitious targets for the cryptocurrency before the end of 2024.

Renowned crypto expert Plan B has made a bold prediction for Bitcoin’s price in June 2024. Based on his analysis, he believes that Bitcoin could potentially hit a minimum target of $100,000 in the near future. Plan B’s prediction is backed by a model he has developed, indicating a rapid increase in Bitcoin’s value.

Similarly, Robert Kiyosaki has forecasted a significant surge in Bitcoin’s price to $350,000 by mid-August. His prediction takes into account market trends and various factors influencing Bitcoin’s price movements.

Adding to the mix, Standard Chartered has predicted a $150,000 price target for Bitcoin by the end of 2024. This forecast is supported by positive payroll data and market indicators hinting at a potential rise to $80,000 by the conclusion of June.

Despite these optimistic predictions, Bitcoin has yet to reach the $100k mark, even after nearly five months into the year. The highest it has reached was $73k during the halving pump, along with ETF investments, which is quite unusual. Typically, it takes a few months, or even up to six months, after the halving for Bitcoin to break its previous all-time high. Thus, the current price of Bitcoin is indeed impressive.

Looking ahead at the crypto market, we anticipate a breakthrough in the downward direction. While we may encounter resistance on the way up, leading to temporary pauses or minor upward movements for a day, there is a notable bullish pattern emerging in the total market cap on a daily timeframe—a large bull flag. If this pattern unfolds as expected, we could witness a considerable upward movement.

Reflecting on June 2023, the crypto market experienced a rebound due to BTC spot ETF filings, marking a month of advancements and regulatory changes with increased involvement from major institutions. While achieving $100k for Bitcoin by June 2024 may seem unlikely, it remains a possibility before the year concludes given its current trajectory.

Bitcoin has been a hot topic lately, especially after hitting a record high of $73k. While Bitcoin is trying to hold above $70k, analysts and experts are making some bold predictions for the coin by the end of 2024.

One such prediction comes from crypto expert Plan B, who has forecasted that Bitcoin could potentially reach a minimum price of $100,000 by June 2024. His analysis is based on a model he created, indicating a rapid increase in Bitcoin’s value.

Robert Kiyosaki has also weighed in, predicting that Bitcoin’s price could skyrocket to $350,000 by mid-August. This forecast is based on his examination of market trends and factors influencing Bitcoin’s price movements.

Standard Chartered has made its own prediction, foreseeing a $150,000 BTC price by the end of 2024. This forecast is based on positive payroll data and other market indicators, hinting at a possible increase in Bitcoin’s price to $80,000 by the close of June.

Despite these predictions, Bitcoin has yet to hit $100k, even after almost five months into the year. While it reached $73k during the halving pump, boosted by ETF money, this is an unusual occurrence. Typically, it takes a few months, or even up to six months, after the halving for Bitcoin to surpass its all-time high. Therefore, the current price of Bitcoin is quite remarkable.

As we observe Bitcoin and the wider crypto market, we anticipate a potential downward breakthrough. As prices rise, there may be some resistance along the way, leading to temporary pauses or even slight upward movements for a day. A bullish pattern, resembling a big bull flag, is forming in the total market cap on the daily timeframe. If this pattern unfolds as expected, we could witness a significant upward move.

Reflecting on June 2023, the crypto market saw a resurgence due to BTC spot ETF filings, marking a month of progress and regulatory changes, with major institutions becoming more involved. While reaching $100k for Bitcoin by June 2024 may seem improbable, it remains a possibility by the year’s end, given its current trajectory.