Can Bitcoin Reach $100K in February 2025? | Key Points | Oct. 25, 2024

Bitcoin network economist Timothy Peterson predicts Bitcoin could hit $100,000 within three months, noting that the cryptocurrency's recent consolidation phase signals the start of a bull run.

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Bitcoin network economist Timothy Peterson predicts Bitcoin could hit $100,000 within three months, noting that the cryptocurrency’s recent consolidation phase signals the start of a bull run.

Here are his observations (shared in a Twitter post that is highlighted by Cointelegraph):

He also thinks a drop below $50,000 is becoming less likely. He also thinks the price path will happen regardless of who wins the U.S. elections.

What to make out from this statement: Petersen is not the first person to predict a $100,000 price point for Bitcoin. You make check out the following articles on BitPinas:

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