Bitcoin Analyst Predicts New Highs in Q4 2024 and Beyond, What’s Coming?

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As the market shows signs of recovery from the crypto winter, all eyes are on Bitcoin, the pioneering cryptocurrency. Following a previous dip to $57,000, Bitcoin is now showing robust resilience around the $61,000 price level. 

Meanwhile, after observing such strong support crypto analyst Stockmoney Lizards predicts bitcoin price to surge to $100K by the end of 2024, citing an end-of-summer correction.

Bitcoin Q4 2024 Target: $100K

In a recent tweet post, Stockmoney Lizards, a prominent crypto analyst, has revealed an optimistic roadmap for Bitcoin’s future price trajectory, suggesting significant potential for price appreciation in the coming years.

Stockmoney Lizards predicts a strong rally in Bitcoin’s price in Q4 2024, potentially reaching new highs around $100,000. However, bitcoin might see some price corrections that could foster a positive environment for the crypto market.

As the highly anticipated 4th Bitcoin halving event occurred, marking a significant milestone. During this event, the block reward for miners was reduced from 6.25 BTC to 3.125 BTC. This reduction highlights Bitcoin’s deflationary economic model, designed to limit the issuance of new coins over time

The sudden reduction in Bitcoin’s supply is expected to exert pressure on the market, potentially leading to a spike in price as Bitcoin moves towards forming new all-time highs.

Bitcoin Bigger Goal

Diving deeper into the analysis, Stockmoney Lizards highlights a parabolic run ahead for Bitcoin, pushing its price from $150,000 to $250,000 by early 2026.

However, this forecast aligns with ongoing market enthusiasm and interest in the cryptocurrency space, indicating potential growth and market dynamics that could shape Bitcoin’s trajectory.

As of now, the price of Bitcoin is hovering around $62,008.26, indicating a 1% decrease over the last 24 hours. Despite this minor decline, Bitcoin maintains a substantial market capitalization of $1.2 trillion, highlighting its significant value and market dominance.