Analysts allowed Bitcoin to rise to one hundred thousand dollars by the end of the year

Brief retelling from RIA II

Experts believe that the price of Bitcoin could rise to $100,000 by the end of the year.

Leading analyst at crypto broker Cifra Markets, Alexander Kraiko, expects the price of Bitcoin to rise to around $94,000 in October.

Experts call the Fed’s monetary policy, in particular, rising rates, the main risk to the growth of Bitcoin’s value.

MOSCOW, October 8 - RIA Novosti. The cost of Bitcoin is at local maximums of about 86 thousand dollars and can rise to 100 thousand dollars by the end of the year, according to experts interviewed by RIA Novosti.

Leading analyst at crypto broker Cifra Markets Alexander Kraiko noted that the price is tightening and testing the upper limit of the range, which indicates a greater likelihood of growth. “In a positive scenario, the price will reach the area of ​​about 94 thousand dollars, and from there we will see a long sideways trend with a correction. I expect an increase to 94 thousand dollars in October,” he said.

Alfa-Forex CEO Guzel Protsenko also sees technical prerequisites for continued growth. According to her, Bitcoin has already gained 51% from a minimum of $57,800. “If no one knocks it off course and the movement continues without deep pullbacks, the price could recover to about $113,300... If we assume a lower growth rate and take into account pullbacks, the target will be noticeably more modest - $99 thousand,” she noted. At the same time, Protsenko also allows for a scenario with a growth to $94,300 and a subsequent rollback to $85,600.

Bitbanker Director of Strategic Communications Kirill Komalenkov calls the base scenario continued high volatility with a moderately positive bias. “With continued institutional demand and a favorable macroeconomic backdrop, Bitcoin has the potential to return to $95,000-$100,000 and test higher levels,” he said.

Leading investment analyst at Go Invest Nikita Bredikhin expects a wider range - $80-100 thousand. In his opinion, the growth is supported by inflows into spot ETFs, which have grown by $15 billion since August, and the resumption of purchases by crypto-treasury companies.

Experts call the Fed's monetary policy the main risk. “Rising rates are a negative factor for cryptocurrencies and Bitcoin. Now it is not included in prices by investors,” Bredikhin warned.

Komalenkov also points out that high US government bond yields and a strong dollar tend to limit demand for risky assets.