Bitcoin Rises Above $40,000, Researches Predict Price Above $100,000 Next Year

Bitcoin has risen above the $40,000 level for the first time since April 2022, hitting a 19-month high. It also marks a new year-to-date high for Bitcoin price, which is up over 140% since beginning of the year.

The all-time high for Bitcoin price is $69,000, which was on Nov.10, 2021.

Several analysts have given forecasts for Bitcoin price. Matrixport research predicted that Bitcoin would hit over $60,000 by April next year and $125,500 by the end of 2024. Standard Charted predicted Bitcoin could reach six figures before the end of next year.