Bitcoin (BTC) Price Prediction: BTC To Exceed $200K By June 2024

We’re only in the third month of the year and a lot has happened already, especially in the cryptocurrency market. For instance, Bitcoin (BTC) just recently reached a new ATH of $69,200 but went down instantly by 10% after a series of liquidations. 

Over the past year, Bitcoin’s (BTC) price has massively increased by 194.10%. After its recorded all-time high of $69,000 in 2021, BTC has been through up-and-down movement. Then, came 2024, that’s when BTC prices started to go bullish. 

Perhaps you thought about the last time that BTC broke its ATH, its price tripled in the next three months. Think about if this happens again, Bitcoin (BTC) could be on the possibility of hitting the six-digit price mark. 

Looking back to 2021, it was indeed a big year for Bitcoin (BTC) as its price surged to $69,044 marking an all-time high. However in 2022, due to a massive industry market crash, bankruptcies, and macroeconomic challenges, Bitcoin’s (BTC) price massively went down and even went below $20,000 by the end of 2022. 

In 2023, the market began showing positive movements and things have started to get back on track. In fact, Blackrock — the world’s largest asset manager — filed for a spot in Bitcoin ETF in June 2023, then followed by other financial giants. Now, BlackRock is one of the prominent investors in spot Bitcoin ETFs. 

What Lies Ahead For Bitcoin?

In February, Robert Kiyosaki, a famous entrepreneur and author, announced his predictions for Bitcoin (BTC) price. He stated that BTC will reach $100,000 by June 2024. Analysts believe that if BTC goes beyond its current ATH, it will begin to aim for more huge milestones this year. 

One of Bitcoin’s biggest milestones was the approval of the spot Bitcoin ETF and the much-awaited Bitcoin Halving event that will commence in April 2024.

In conclusion, if history repeats, Bitcoin could exceed not just only $100k but it could potentially exceed $200,000 by June. If that happens, Bitcoin’s market cap will be around $4 trillion, making BTC bigger than Microsoft and Apple.