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Bitcoin Bitcoin (BTC) $116,229.26 ↓ -1.80%
Ethereum Ethereum (ETH) $3,705.68 ↑ 2.04%
XRP XRP (XRP) $3.12 ↓ -0.64%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.07%
BNB BNB (BNB) $774.23 ↑ 1.15%
Solana Solana (SOL) $181.09 ↓ -1.96%
USDC USDC (USDC) $1.00 ↑ 0.00%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -1.69%
TRON TRON (TRX) $0.31 ↑ 1.20%
Cardano Cardano (ADA) $0.80 ↑ 0.07%
Hyperliquid Hyperliquid (HYPE) $43.18 ↑ 1.19%
Stellar Stellar (XLM) $0.42 ↓ -0.65%
Sui Sui (SUI) $3.76 ↑ 1.34%
Chainlink Chainlink (LINK) $18.15 ↑ 1.22%
Bitcoin Cash Bitcoin Cash (BCH) $545.75 ↑ 5.19%
Hedera Hedera (HBAR) $0.25 ↑ 2.30%
Avalanche Avalanche (AVAX) $23.73 ↑ 0.32%
Litecoin Litecoin (LTC) $115.20 ↑ 3.00%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.14%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 1.13%
Toncoin Toncoin (TON) $3.15 ↓ -0.15%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.04%
Uniswap Uniswap (UNI) $10.38 ↑ 2.95%
Polkadot Polkadot (DOT) $4.04 ↑ 1.46%
Monero Monero (XMR) $325.49 ↑ 1.98%
Dai Dai (DAI) $1.00 ↓ 0.00%
Bitget Token Bitget Token (BGB) $4.52 ↓ -0.88%
Pepe Pepe (PEPE) $0.00 ↓ -1.20%
Aave Aave (AAVE) $293.83 ↑ 2.72%
Cronos Cronos (CRO) $0.13 ↑ 2.67%
Bittensor Bittensor (TAO) $415.43 ↓ -0.20%
Ethena Ethena (ENA) $0.57 ↑ 18.53%
Ethereum Classic Ethereum Classic (ETC) $22.51 ↑ 0.62%
NEAR Protocol NEAR Protocol (NEAR) $2.77 ↑ 2.85%
Pi Pi (PI) $0.44 ↓ -0.39%
Ondo Ondo (ONDO) $1.03 ↑ 1.29%
Aptos Aptos (APT) $4.72 ↑ 1.76%
Internet Computer Internet Computer (ICP) $5.54 ↑ 0.44%
OKB OKB (OKB) $47.82 ↓ -0.74%
Bonk Bonk (BONK) $0.00 ↓ -4.13%
Kaspa Kaspa (KAS) $0.10 ↑ 0.69%
Mantle Mantle (MNT) $0.75 ↑ 0.18%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 1.89%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -4.51%
Algorand Algorand (ALGO) $0.26 ↑ 0.37%
Arbitrum Arbitrum (ARB) $0.44 ↑ 2.12%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.05%
VeChain VeChain (VET) $0.03 ↑ 1.90%
GateToken GateToken (GT) $17.49 ↑ 0.45%
Render Render (RENDER) $4.11 ↑ 2.30%
Worldcoin Worldcoin (WLD) $1.14 ↓ -0.04%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.92 ↑ 0.93%
Sky Sky (SKY) $0.09 ↑ 8.36%
Sei Sei (SEI) $0.33 ↑ 3.46%
Cosmos Cosmos (ATOM) $4.63 ↓ -0.28%
Filecoin Filecoin (FIL) $2.61 ↑ 1.14%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↑ 0.20%
SPX6900 SPX6900 (SPX) $1.77 ↑ 1.57%
Jupiter Jupiter (JUP) $0.54 ↑ 0.23%
Story Story (IP) $5.27 ↓ -1.59%
Flare Flare (FLR) $0.02 ↓ -4.20%
KuCoin Token KuCoin Token (KCS) $12.10 ↓ -0.08%
Curve DAO Token Curve DAO Token (CRV) $1.08 ↑ 9.06%
Quant Quant (QNT) $121.96 ↑ 1.94%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.03%
XDC Network XDC Network (XDC) $0.09 ↑ 2.42%
Celestia Celestia (TIA) $1.92 ↑ 5.99%
Injective Injective (INJ) $13.77 ↑ 2.17%
Fartcoin Fartcoin (FARTCOIN) $1.37 ↓ -0.94%
Four Four (FORM) $3.41 ↓ -3.43%
Stacks Stacks (STX) $0.79 ↓ -0.52%
Optimism Optimism (OP) $0.71 ↑ 3.52%
FLOKI FLOKI (FLOKI) $0.00 ↑ 1.00%
dogwifhat dogwifhat (WIF) $1.06 ↑ 0.63%
Immutable Immutable (IMX) $0.56 ↑ 2.28%
Ethereum Name Service Ethereum Name Service (ENS) $28.14 ↓ -0.20%
The Graph The Graph (GRT) $0.10 ↑ 1.14%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.55 ↓ -1.81%
Kaia Kaia (KAIA) $0.16 ↓ -0.01%
Lido DAO Lido DAO (LDO) $1.09 ↑ 1.92%
Conflux Conflux (CFX) $0.19 ↑ 3.18%
Sonic Sonic (S) $0.33 ↑ 0.30%
PAX Gold PAX Gold (PAXG) $3,354.89 ↓ -0.57%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -11.65%
Tezos Tezos (XTZ) $0.88 ↓ -5.26%
PancakeSwap PancakeSwap (CAKE) $2.65 ↑ 2.29%
Vaulta Vaulta (A) $0.57 ↓ -2.21%
Theta Network Theta Network (THETA) $0.87 ↑ 1.50%
Nexo Nexo (NEXO) $1.32 ↑ 0.27%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -0.78%
Tether Gold Tether Gold (XAUt) $3,348.40 ↓ -0.65%
IOTA IOTA (IOTA) $0.20 ↑ 2.46%
Raydium Raydium (RAY) $2.97 ↓ -0.25%
Gala Gala (GALA) $0.02 ↑ 0.66%
The Sandbox The Sandbox (SAND) $0.30 ↑ 0.73%
Aerodrome Finance Aerodrome Finance (AERO) $0.89 ↑ 0.48%
Pendle Pendle (PENDLE) $4.58 ↑ 6.17%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 1.09%
Jito Jito (JTO) $1.98 ↓ -2.14%
Bitcoin Bitcoin (BTC) $116,229.26 ↓ -1.80%
Ethereum Ethereum (ETH) $3,705.68 ↑ 2.04%
XRP XRP (XRP) $3.12 ↓ -0.64%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.07%
BNB BNB (BNB) $774.23 ↑ 1.15%
Solana Solana (SOL) $181.09 ↓ -1.96%
USDC USDC (USDC) $1.00 ↑ 0.00%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -1.69%
TRON TRON (TRX) $0.31 ↑ 1.20%
Cardano Cardano (ADA) $0.80 ↑ 0.07%
Hyperliquid Hyperliquid (HYPE) $43.18 ↑ 1.19%
Stellar Stellar (XLM) $0.42 ↓ -0.65%
Sui Sui (SUI) $3.76 ↑ 1.34%
Chainlink Chainlink (LINK) $18.15 ↑ 1.22%
Bitcoin Cash Bitcoin Cash (BCH) $545.75 ↑ 5.19%
Hedera Hedera (HBAR) $0.25 ↑ 2.30%
Avalanche Avalanche (AVAX) $23.73 ↑ 0.32%
Litecoin Litecoin (LTC) $115.20 ↑ 3.00%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.14%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 1.13%
Toncoin Toncoin (TON) $3.15 ↓ -0.15%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.04%
Uniswap Uniswap (UNI) $10.38 ↑ 2.95%
Polkadot Polkadot (DOT) $4.04 ↑ 1.46%
Monero Monero (XMR) $325.49 ↑ 1.98%
Dai Dai (DAI) $1.00 ↓ 0.00%
Bitget Token Bitget Token (BGB) $4.52 ↓ -0.88%
Pepe Pepe (PEPE) $0.00 ↓ -1.20%
Aave Aave (AAVE) $293.83 ↑ 2.72%
Cronos Cronos (CRO) $0.13 ↑ 2.67%
Bittensor Bittensor (TAO) $415.43 ↓ -0.20%
Ethena Ethena (ENA) $0.57 ↑ 18.53%
Ethereum Classic Ethereum Classic (ETC) $22.51 ↑ 0.62%
NEAR Protocol NEAR Protocol (NEAR) $2.77 ↑ 2.85%
Pi Pi (PI) $0.44 ↓ -0.39%
Ondo Ondo (ONDO) $1.03 ↑ 1.29%
Aptos Aptos (APT) $4.72 ↑ 1.76%
Internet Computer Internet Computer (ICP) $5.54 ↑ 0.44%
OKB OKB (OKB) $47.82 ↓ -0.74%
Bonk Bonk (BONK) $0.00 ↓ -4.13%
Kaspa Kaspa (KAS) $0.10 ↑ 0.69%
Mantle Mantle (MNT) $0.75 ↑ 0.18%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 1.89%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -4.51%
Algorand Algorand (ALGO) $0.26 ↑ 0.37%
Arbitrum Arbitrum (ARB) $0.44 ↑ 2.12%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.05%
VeChain VeChain (VET) $0.03 ↑ 1.90%
GateToken GateToken (GT) $17.49 ↑ 0.45%
Render Render (RENDER) $4.11 ↑ 2.30%
Worldcoin Worldcoin (WLD) $1.14 ↓ -0.04%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.92 ↑ 0.93%
Sky Sky (SKY) $0.09 ↑ 8.36%
Sei Sei (SEI) $0.33 ↑ 3.46%
Cosmos Cosmos (ATOM) $4.63 ↓ -0.28%
Filecoin Filecoin (FIL) $2.61 ↑ 1.14%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↑ 0.20%
SPX6900 SPX6900 (SPX) $1.77 ↑ 1.57%
Jupiter Jupiter (JUP) $0.54 ↑ 0.23%
Story Story (IP) $5.27 ↓ -1.59%
Flare Flare (FLR) $0.02 ↓ -4.20%
KuCoin Token KuCoin Token (KCS) $12.10 ↓ -0.08%
Curve DAO Token Curve DAO Token (CRV) $1.08 ↑ 9.06%
Quant Quant (QNT) $121.96 ↑ 1.94%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.03%
XDC Network XDC Network (XDC) $0.09 ↑ 2.42%
Celestia Celestia (TIA) $1.92 ↑ 5.99%
Injective Injective (INJ) $13.77 ↑ 2.17%
Fartcoin Fartcoin (FARTCOIN) $1.37 ↓ -0.94%
Four Four (FORM) $3.41 ↓ -3.43%
Stacks Stacks (STX) $0.79 ↓ -0.52%
Optimism Optimism (OP) $0.71 ↑ 3.52%
FLOKI FLOKI (FLOKI) $0.00 ↑ 1.00%
dogwifhat dogwifhat (WIF) $1.06 ↑ 0.63%
Immutable Immutable (IMX) $0.56 ↑ 2.28%
Ethereum Name Service Ethereum Name Service (ENS) $28.14 ↓ -0.20%
The Graph The Graph (GRT) $0.10 ↑ 1.14%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.55 ↓ -1.81%
Kaia Kaia (KAIA) $0.16 ↓ -0.01%
Lido DAO Lido DAO (LDO) $1.09 ↑ 1.92%
Conflux Conflux (CFX) $0.19 ↑ 3.18%
Sonic Sonic (S) $0.33 ↑ 0.30%
PAX Gold PAX Gold (PAXG) $3,354.89 ↓ -0.57%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -11.65%
Tezos Tezos (XTZ) $0.88 ↓ -5.26%
PancakeSwap PancakeSwap (CAKE) $2.65 ↑ 2.29%
Vaulta Vaulta (A) $0.57 ↓ -2.21%
Theta Network Theta Network (THETA) $0.87 ↑ 1.50%
Nexo Nexo (NEXO) $1.32 ↑ 0.27%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -0.78%
Tether Gold Tether Gold (XAUt) $3,348.40 ↓ -0.65%
IOTA IOTA (IOTA) $0.20 ↑ 2.46%
Raydium Raydium (RAY) $2.97 ↓ -0.25%
Gala Gala (GALA) $0.02 ↑ 0.66%
The Sandbox The Sandbox (SAND) $0.30 ↑ 0.73%
Aerodrome Finance Aerodrome Finance (AERO) $0.89 ↑ 0.48%
Pendle Pendle (PENDLE) $4.58 ↑ 6.17%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 1.09%
Jito Jito (JTO) $1.98 ↓ -2.14%
Home Cryptocurrency

Crypto Whale Marks This Date: Bitcoin to Surpass $100K!

Gezim Osmani by Gezim Osmani
27 September 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
emphasizing Bitcoins target of 100000. The image features the Bitcoin logo with a clear digital chart showing the

The cryptocurrency market continues to gain strength, with Bitcoin holding steady above $65,000. Analysts are now pointing to even higher levels for the leading crypto. A prominent crypto analyst with a large following has predicted a major rally for Bitcoin, forecasting that BTC will reach six-figure numbers after the U.S. presidential elections.

Table of Contents

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  • Kaleo Predicts a Path to $112,000 for Bitcoin
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    • Institutions Now Hold Over 10% of Bitcoin Supply as Demand Outpaces Mining
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  • Analyst Says Bitcoin Will Gain Strength Against Gold

Kaleo Predicts a Path to $112,000 for Bitcoin

As reported by Turkish NY Radio, the market is buzzing with excitement over a potential new rally. However, the duration of this surge remains uncertain. Yet, some analysts believe that Bitcoin still has more room to grow. Crypto analyst Kaleo, who boasts 649,500 followers on social media platform X, recently shared his latest predictions. He forecasts that Bitcoin will replicate its year-end model from 2023, reaching new all-time highs (ATH). Kaleo explained his theory in the following way:

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“I overlaid the price action from last September/October on this year’s for fun. It shows that September marked the bottom of the range, and ‘Uptober’ led to a solid increase in momentum, but the real fun didn’t start until late in the month into December. I like the overall path. It aligns with my theory: ‘Range during the election. Tear it apart afterward.’ Just a little more patience, my friends. It won’t be long before sleepless nights become the norm again. Enjoy the calm while it lasts.”

Grafik 1 24

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Analyst Says Bitcoin Will Gain Strength Against Gold

The Federal Reserve‘s decision to start its easing cycle with a 0.50 basis point cut has pushed gold to record levels. In parallel, Bitcoin has also seen a strong rise. Kaleo predicts that Bitcoin will soon surpass its all-time highs against gold, breaking out of a descending channel in the BTC/Gold ratio. He suggests, “Imagine looking at the BTC/Gold ratio chart and realizing it’s not just going to reach all-time highs soon.”Grafik 2 23

Based on his analysis, Kaleo expects Bitcoin to close December near $112,000. As of writing, Bitcoin was trading at $65,565, up 1.9% on the day. The leading cryptocurrency has seen a weekly increase of more than 3%, and on a monthly basis, it has climbed by 9.2%, showing steady progress.

Tags: Bitcoin $100K predictionBitcoin rallyBTC/Gold ratio breakoutFederal Reserve impact on BitcoinKaleo Bitcoin analysis
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Gezim Osmani

Gezim Osmani

Senior Journalist, Content editor Hi there! My name is Gezim, and I'm a Senior Journalist covering crypto and fintech. I have a passion for technology and finance, and I've spent years following the latest trends in the industry. My goal is to make complex financial concepts accessible to my readers. I strive to provide insightful analysis and explain the latest developments in the world of crypto and fintech in a way that is easy to understand. I believe that knowledge is power, and I want to empower my readers to make informed decisions about their finances. In addition to my professional pursuits, I also love to take photos. I find that photography allows me to capture moments and emotions in a way that words cannot. Whether I'm traveling to a new city or exploring the great outdoors, I always have my camera with me. Photography is a way for me to express my creativity and connect with the world around me. When I'm not working or taking photos, I also enjoy hiking and spending time in nature. There's something about being outside and surrounded by natural beauty that brings me peace and clarity. I also love to read, and I'm always seeking out new books and articles to expand my knowledge. Overall, I'm driven by a desire to help people understand the complex world of finance and technology. Through my writing, photography, and other pursuits, I'm committed to creating content that inspires and informs my readers. I believe that everyone has the potential to achieve financial success, and I'm here to help them along the way. I would love to connect and see how we can work together to shape the future of crypto anf fintech. Let's connect and see where our shared interests and expertise can take us!

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