Reported 12 months ago
Despite a brief dip below $60,000, Bitcoin is projected to reach $150,000 by December 2024 as per a forecast by Tom Lee of Fundstrat. Factors contributing to Bitcoin's recent price decrease include the Mt. Gox exchange pledging to repay customers $9 billion. Analysts are optimistic about a rebound in the second half, highlighting Bitcoin's previous all-time high of $73,000 and a predicted rise to $100,000 by November 2024.
Source: YAHOO