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Cryptocurrency News Articles

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

Oct 25, 2024 at 07:24 pm

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.

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

Good morning. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading.

In today’s daily recap: another news about another price prediction.

Plus the latest crypto news stories in the last 24 hours.

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For the daily price update, check out our post on Facebook.

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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Stay informed about the latest regulatory updates and what they mean for you:

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Meet Jenna Ilao: She is one of the leaders for education in YGG.

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Original source:bitpinas

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