CandleFocus Analyst Says Six-Figure Bitcoin Price Incoming – But Warns One Factor Could Delay BTC Rally Till Next Year
2024-11-21
Author: Content Editor
Analyst Benjamin Cowen believes that Bitcoin has the potential to reach $100,000 by the end of this year based on historical trends. He notes that Bitcoin's ROI for this year is on track with previous halving years, which saw an average increase of 2x from the yearly opening price. Cowen suggests that if Bitcoin continues to follow this cyclical pattern, it could reach the six-figure mark. However, he warns that a higher-than-expected unemployment rate could delay this milestone, stating that if the unemployment rate exceeds a certain threshold, it may take until 2025 for Bitcoin to reach $100,000.
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