The year has been exceptional for the crypto market, particularly for major players like BTC. Crypto emerged from a prolonged slump and eventually reached its all-time high.

Bitcoin is currently experiencing a correction phase, trading around the $59,500 mark. With the upcoming fourth BTC halving event, the coin may see unexpected changes. This has prompted leading analysts, crypto experts, and enthusiasts to offer their BTC price predictions. Let's explore what analysts are forecasting.

PlanB’s Bitcoin Forecast: $100,000 by Year-End

PlanB, a prominent analyst known for the Stock-to-Flow model, supports the Bitcoin boom narrative. The analyst is well-regarded in the industry for using BTC’s limited supply and historical halving patterns to make accurate price predictions.

PlanB boldly predicts Bitcoin will reach $100,000 before the end of 2024.

CryptoNewsZ’s Bitcoin Forecast: $100,000 by Year-End

CryptoNewsZ, a respected crypto news outlet, agrees with PlanB's projections. The platform echoes the Bitcoin forecast, pointing to overall market sentiment and Bitcoin's limited supply as factors supporting BTC's rise.

Peter Schiff’s BTC Prediction: Downside Target $54,000

There are analysts who disagree with the bullish outlook on BTC. Peter Schiff, a noted economist and vocal BTC critic, expresses skepticism about the crypto's long-term potential.

Schiff has been skeptical of BTC's potential for some time, maintaining that Bitcoin is a bubble. He expects the crypto to drop to $54,000 before 2024 ends, citing Bitcoin's lack of intrinsic value and predicting a loss of momentum.

Conclusion

Due to the inherently volatile nature of cryptocurrencies, forecasting their performance can be difficult.

This has led to a divide among experts offering contrasting predictions about Bitcoin's future. While some, like CryptoNewsZ and PlanB, see BTC reaching $100,000, others, like economist Peter Schiff, predict BTC will stay at $54,000 by the end of 2024.

It's important to recognize that market sentiment and halving anticipation alone may not determine BTC's future. Cryptocurrencies depend on factors such as government regulation, institutional adoption, technological advancements, and global economic conditions.

Comprehensive market research indicates that most investors make informed decisions. Investors should also assess their risk tolerance before making choices. The crypto market is influenced by multiple factors, making it essential to consider all valuable insights.