Bitcoin is on the rise, inching closer to its all-time highs and currently sitting just under 1% below the peaks reached earlier in 2024.
Bitcoin price has been surging in recent weeks, inching closer to its all-time highs and currently sitting just under 1% below the peaks reached earlier in 2024.
This surge raises the intriguing question of how much further the price could climb and who is behind the significant demand for Bitcoin. As investors look for momentum, the market is buzzing with speculation about potential new highs and what’s fueling this rally.
Let’s dig deep and arrive at the answers. Read on.
Bitcoin Rally in Horizon
Mark Yusko, the CEO and CIO of Morgan Creek Capital Management, believes there’s a strong possibility that Bitcoin’s price could surge to $100,000 within the next month.
In a recent interview on the Paul Barron Network, Yusko explained that as Bitcoin gains momentum, it attracts more investors who chase the rising price, creating a snowball effect. He referred to this phenomenon as the “Thanksgiving effect,” suggesting that the upcoming holiday season will fuel enthusiasm and drive prices higher.
Yusko estimates that Bitcoin’s “fair value” lies in the $80,000 range, and he expects it to surpass that level significantly. He noted that historically, Bitcoin tends to double in price from its lower thresholds, so a jump from the current levels of around $50,000 to well over $100,000 is not out of reach. He emphasized that the buzz and positive sentiment during Thanksgiving could catalyze a parabolic price movement between Thanksgiving and December.
Current Crypto Market Sentiments
Currently, Bitcoin has seen notable fluctuations, recently reaching a multi-month high of $73,562, although it has since settled around $71,894. Yusko has a history of optimistic predictions for Bitcoin, previously suggesting it could reach $150,000 by the end of this year and even $400,000 in the long term. His insights reflect a broader confidence in Bitcoin’s ability to climb, especially as more investors become involved in the market.
According to 10x Research, their prediction model has demonstrated an impressive 86.7% accuracy rate over the last 15 signals, with the latest buy signal issued on October 14. Historically, when Bitcoin hits a new six-month high, it tends to deliver a median return of 40% in the following three months. If this trend continues, Bitcoin could potentially exceed $101,000 by January 27, 2025.
The above is the detailed content of Bitcoin Rally in Horizon: Mark Yusko Predicts a Surge to $100,000 Within the Next Month. For more information, please follow other related articles on the PHP Chinese website!

Bitcoin price extended losses and traded below the $64200 level. However, BTC bulls were active near the $63500 level.

With Bitcoin consolidating between the $58,000 and $61,000 price level, cryptocurrency analyst and trader, Bob Loukas in a cautionary statement, has forewarned investors that the price stasis of the crypto asset is likely to remain

Bitcoin's (BTC) price closed in July with a dragonfly Doji candlestick after the bulls were rejected at around $70k. Bitcoin's poor performance in the

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Analyst Josh of Crypto World has observed that Bitcoin is continuing its bearish trend, with the price now testing a critical support level. A new signal has also emerged for the broader crypto market.

Bitcoin price failed to hold gains above the $66,500 support level. BTC started another decline and traded below the $66,000 support zone.

Crypto analyst “Without Worries”, in a new analysis on the TradingView website, has outlined the possibility for the Bitcoin price to crash to $20,000 once again.

Bitfinex analysts predicted in a note that they expect “potential further downward pressure” on the price of Bitcoin (BTC) as the monthly expiry of around $2.2 billion is set to occur on Aug. 2.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

Safe Exam Browser
Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.

Notepad++7.3.1
Easy-to-use and free code editor

MantisBT
Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

Dreamweaver CS6
Visual web development tools

ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment
