Bitcoin’s recent surge has left investors wondering if it will hit new all-time highs or dip back down to $85,000. The leading cryptocurrency reached a high of $103,900.47 on Dec. 4 and spent several days above the $100,000 level before falling.
Benzinga recently asked readers which price milestone they think Bitcoin will hit next: $105,000 or $85,000? The results were:
– $105,000: 63%
– $85,000: 37%
According to polls, most investors believe Bitcoin will reach all-time highs of $105,000 before the cryptocurrency trades back down. However, others see a possible dip to $85,000 or lower.
Bitcoin’s year-to-date gain of 123% in 2024 ranks higher than many leading stock indexes and assets. Investors are eagerly awaiting more gains after the recent surge above $100,000.
Benzinga readers polled were divided on their predictions for Bitcoin’s year-end price:
– Under $90,000: 18%
– $90,000 to $100,000: 30%
– $100,000 to $120,000: 40%
– Over $120,000: 12%
A majority of voters see a six-figure price for Bitcoin at year-end.
Source: https://finance.yahoo.com/news/bitcoins-next-move-105-000-200035839.html