 4 new BTC price targets see Bitcoin over $124K by New Year 
2024-12-05

Bitcoin BTCUSD is expected to add at least another 25% to its US dollar price into 2025, according to new forecasts.
The latest BTC price targets all favor six-figure Bitcoin becoming the norm over the next year.
Bitcoin price predictions unanimous on six-figures
Bitcoin made history on Dec. 5 by finally crossing the $100,000 mark for the first time. During its trip to current all-time highs of $103,800, it also gained a $2 trillion market cap.
Now, however, market observers are already looking into the future to determine just how high BTCUSD can go.
Cointelegraph looks at some of the most recent popular BTC price predictions for the end of 2024 and beyond.
ARK Invest: $124,000 BTC price minimum
Asset management giant ARK Invest is no stranger to bullish BTC price research, and its current thesis revolves around BTCUSD gaining another 25%.
In a blog post originally released in mid-November, researchers, who included Puell Multiple creator David Puell, gave a minimum threshold of $124,000.
“If bitcoin were to match the general historical average or the average of all halving years at December’s end, its 2024 performance multiple could hit between 2.48x and 2.94x, its price potentially reaching between ~$104,000 and ~$124,000,” they wrote.
ARK specifically highlighted the wave of institutional demand for Bitcoin, which has become its calling card this year.
“Bottom line, if institutions continue to gravitate toward this new asset class, and the US government seriously contemplates adding bitcoin to its strategic reserves, we anticipate a strong close to 2024 and continued momentum during 2025,” it concluded.
In an X post on Dec. 5, Puell added that Bitcoin has now met the lower boundary of its target range.
Traders eye levels toward $140,000
Popular crypto traders are also not without optimism when it comes to BTC price going higher.
Among them is Jelle, who now sees $130,000 as a potential next stop. 
A chart uploaded to X on Dec. 5 sees BTCUSD as breaking out of a bullish pennant, which it entered in early November.
‘This bullish pennant has a target of $130,000,” he wrote in accompanying commentary.

Fellow trader Aksel Kibar previously suggested that $137,000 would form Bitcoin’s next long-term top — in contrast to $100,000, which he dismissed as neither psychologically nor technically significant.
Prediction markets see Bitcoin “breakout rally”
When it comes to crowd consensus, Bitcoin is likewise tipped to keep climbing.
According to data from prediction service Kalshi, the aggregate BTC price target for the end of 2024 is a cool $128,000.
“There is now even a 10% chance of Bitcoin crossing above $150,000 by the end of this year,” trading resource The Kobeissi Letter commented on the status quo, noting that over the past month, the target has risen by over $50,000. 

When it comes to sky-high numbers, however, fellow prediction service Polymarket sees only a 2% chance of Bitcoin trading at $250,000.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.