Bitcoin Price Surge: Analyst BitQuant Predicts BTC Will Not Fall Below $100,000 and Could Reach $145,000 This Year

In a recent update from COINOTAG on August 19th, noted financial analyst BitQuant reiterated his price outlook for Bitcoin, reinforcing confidence in the current bull market. Citing prior success in forecasting Bitcoin’s peak for 2024, BitQuant asserts that the cryptocurrency is poised to maintain a price floor of $100,000 for the foreseeable future. He further speculates that Bitcoin could surge to $145,000 within this calendar year, driven by ongoing market momentum and institutional adoption. This comes on the heels of his earlier bull market prediction, wherein he anticipated a staggering price of $250,000. Investors and analysts alike will be closely monitoring Bitcoin’s trajectory as these bullish forecasts unfold, emphasizing the significance of sound analysis in navigating the volatile crypto landscape.