WhalePanda: By the end of 2024, the price of Bitcoin is expected to reach around $100,000 to $120,000

2024/01/01 02:36

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Cryptocurrency social media commentator WhalePanda said that the approval of a Bitcoin spot ETF could potentially cause Bitcoin to surge to around $50,000. Depending on how long it takes for the ETF to be launched, he will start selling off. If it takes a month to launch, it may drop to around $40,000. Afterward, just like a normal Bitcoin bull market, Bitcoin will steadily rise from April to May and break through $70,000. There may be some stagnation during the summer and then reach around $100,000 to $120,000 by the end of the year.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Goldman Sachs Volatility Panic Index surged to 9.57, approaching its maximum value, with the largest single-day increase ranking third in history, and the combined two-day volatility setting a new record. Historical data shows that after this index has exceeded the 9.5 threshold 15 times, the S&P 500 has seen an average three-month gain of 4.6% with a success rate of 80%. However, Goldman Sachs traders warn that forced liquidations have not yet fully cleared, and the market is still searching for a bottom, but opportunities on the other side are becoming increasingly difficult to ignore.

华尔街见闻•2026/11/07 07:31