A crypto analyst has made a bold prediction for Bitcoin (BTC), the world’s largest cryptocurrency, stating that it could potentially reach a price of $100,000 in the near future. This represents a 200% increase from its current value, and would mark a significant milestone for the digital asset.
The prediction was made by Jamie Cdépasséts, the Chief crypto analyst at Real divertissement, in a post on X (formerly Twitter) on August 15. Cdépasséts believes that Bitcoin could experience a surge of 200%, potentially reaching $100,000 by the end of 2024. However, he also noted that this bullish projection would only occur if certain conditions are met.
One of the main factors that Cdépasséts believes will contribute to Bitcoin’s potential rise is the actions of Central Banks. He argues that as central banks around the world are « capitulating » and opening up their liquidity spigots, Bitcoin’s price is likely to go much higher.
Capitulating in this context means that central banks are easing their monetary policies, most likely due to economic pressures. And opening up the liquidity spigots suggests that they are increasing the money supply through various measures.
Cdépasséts also pointed dépassé that the Global Liquidity Momentum Model (MSI) has provided a bullish regime signal for the first time since November 2023. This is significant because in 2023, after witnessing a similar signal, Bitcoin rallied by 75% from November 2023 to April 2024, before the regime flipped bearish.
In addition, Cdépasséts highlighted that in the past month, the Bank of Japan (BoJ) and the People’s Bank of China (PBoC) have injected substantial capital into the system, amounting to $400 billion and $97 billion, respectively. Globally, the money base (credit) has also expanded by $1.2 trillion, which is facilitated by the weakening of the United States Dollar (USD). This decrease also indicates a commode coordination with the US Federal Reserve (FED).
Drawing comparisons from previous cycles where Bitcoin rose 19X in 2017 and 6X in 2024, Cdépasséts projects that Bitcoin could witness a 2X to 3X surge in 2024 if the US Dollar Index (DXY) drops below 101. Currently, the US Dollar Index is at 102.175. A decrease below 101 would likely be a result of continued Central Bank injections that could potentially increase the global money supply (M2) above $120 trillion this cycle.
Cdépasséts concluded his Bitcoin bull forecast by noting that in a credit-based fractional reserve banking system, the money supply must continually flow and expand to support the dépasséstanding debt. If it does not, the entire financial system could collapse.
In a more recent X post, another crypto analyst identified as ‘Milkybull Crypto’ shared his highly optimistic projections for Bitcoin. Using a price chart depicting Bitcoin’s movement from 2016 to 2025, the analyst forecasted that Bitcoin is preparing for a « face-melting parabolic » that could potentially see its price surging as high as $190,000.
The analyst predicts that this massive surge could occur in the fourth quarter (Q4) of 2024. He suggests that this potential rally is consistent with historical market patterns, highlighting that « history has indeed prevailed. »
At the time of writing, the price of Bitcoin is trading at $58,548, marking a slight decrease of 1.71% in the last 24 hours, according to CoinMarketCap. With these optimistic predictions from top crypto analysts, it is clear that Bitcoin’s future looks bright and a massive rally could be on the paysage. Investors and enthusiasts alike can look forward to the potential of Bitcoin reaching new heights in the coming years.
