Bitcoin storm: Can the price reach $ 100,000 by December?

Bitcoin storm: Can the price reach $ 100,000 by December?

The Bitcoin course could enter into a phase of positive seasonal performance in the coming months, according to a new report by Cryptoquant. Accordingly, the leading cryptocurrency in the last three months of a halving year historically shows a strong performance. In 2012, 2016 and 2020, Bitcoin prices rose by 9%, 59%and 171%. So far, the Bitcoin course 2024 has increased by 46.79%, while Cryptoquant is aiming for a target of $ 85,000 to $ 100,000 by the end of the year, which would mean an annual return of up to 138%.

However, there are some factors that must be fulfilled to support this upward trend. The demand for Bitcoin has been stagnating in the past few months, moves between -23,000 and +69,000 BTC. However, the increase in demand from US spot ETFs is positive, which grew by Netto 5,000 BTC sold to Netto 7,000 BTC bought at the end of the month. The Bitcoin course is currently over $ 62,000 and has recorded an increase of 2.3%in the last 24 hours. Investors could, if this trend, could stop for new records, such as bitcoinist.com reports.