Bitcoin is currently trading at $67,000, down 47% from its October peak, but analysts predict its price could surge to $125,000 by year-end. Key catalysts include sustained inflows into spot bitcoin ETFs (with net inflows on 6 of the past 10 trading days), and renewed focus on bitcoin's image as a "digital gold" safe-haven asset amid Middle East tensions. Additionally, the U.S. may activate its strategic bitcoin reserves for political purposes ahead of the election, which would also significantly boost bitcoin prices. Polymarket's prediction market suggests a 36% probability of bitcoin reaching $100,000 in 2024 and a 20% probability of reaching $120,000.

BTC-3,48%

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