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Simon Chandler
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Simon Chandler
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Bitcoin smashed through the $100,000 barrier overnight, with the current BTC price of $102,545 representing a 6.5% gain in the past 24 hours.
This means BTC has outperformed the cryptocurrency market as a whole today, with average prices up by a more modest 2%.
The original cryptocurrency is now up by 8% in a week and 49% in a month, with its momentum likely to take it even higher by the end of the year.
Some analysts are now even offering Bitcoin price predictions of $150,000 by the end of the year, and given the month or so the coin has had, no one can confidently rule out such a possibility.
Bitcoin Hits $100K Milestone – Will $150K Come Sooner Than Expected?
BTC topped out at $103,679 very early this morning, with this price now serving as its all-time high.
Despite a very slight retreat, its momentum remains very high, with its relative strength index (purple) holding to the 70 level after reaching 80 earlier today.
Its 30-period average (orange) also looks very bullish, in that it has very recently formed a golden cross with the 200-period (blue).
This indicates an incoming breakout, which Bitcoin has clearly achieved in the past 12 hours.
And with its trading volume at a very high $164 billion, it’s apparent that demand for the cryptocurrency is going through the roof right now.
Whales have been stocking up on the token according to the latest transfer data, with the net balance of BTC on exchanges reaching all-time lows in recent days.
And while BTC has only just broken the psychologically important $100,000 ceiling, some analysts are already gearing up for it to reach new milestones.
Stock-to-flow analyst PlanB is now predicting that the Bitcoin price will reach $150,000 by the end of this month, which isn’t out of the question now.
Some investors are even bullish than $150,000, with BlockTower founder Ari Paul suggesting that BTC could rise as high as $500,000 in the not-too distant future.
The future certainly looks bright for Bitcoin, which could benefit massively in 2025 if any states or even the federal government act on calls to introduce strategic reserves in BTC.
In such a scenario, the coin could potentially make it way beyond $150,000, possibly touching $200,000 by the second half of the year.
New High-Potential Alts May Beat Averages
While BTC is likely to do well for the foreseeable future, traders aiming to diversify should also consider investing in low-cap and presale tokens.
Presale coins can often surge when they list for the first time and enter price discovery mode, particularly if they’ve had successful raises.
There are several coins looking like they could do this next year, but one of the most promising is Best Wallet Token (BEST), which has already raised more than $2.3 million in its recently opened presale.
What gives BEST an advantage over most other new coins is that it will have lots of utility, given its status as the native token for the popular Best Wallet app.
Holding BEST will provide numerous benefits, including discounts on transaction fees, higher staking rewards, voting rights, and early access to new airdrops and presales.
Such utility means that BEST will experience plenty of demand once it launches, with the coin having a max supply of 10 billion.
Investors can join BEST’s presale by going to the official Best Wallet Token website, with the token selling at $0.02295.
Its sale will have 100 stages in total, with its price eventually reaching $0.02497500 before listing.
Yet the interest it has attracted so far would suggest that it will rise beyond this price next tear.
Check Out BestWallet Presale Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
