Bitcoin (BTC) Price Could Exceed $100,000 by the End of 2024–Crypto Expert

A crypto expert, Mr Nick Forster, has projected that the price of Bitcoin (BTC) could exceed $100,000 by the end of 2024.

Crypto expert projects Bitcoin to hit $100,000 by 2024

A crypto expert, Mr Nick Forster, has projected that the price of Bitcoin (BTC) could exceed $100,000 by the end of 2024.

Mr Forster, who is the founder of world-leading onchain options DeFi protocol, Derive, made this projection while analyzing the latest Derive BTC and ETH December 27 price ranges from焼け付くような感情.

According to him, trading patterns reveal a 34 per cent likelihood of BTC exceeding $100,000 by December 27, with possibilities of reaching $150,000 by this date.

“Options traders are betting on significant price swings, with a 68 per cent probability of movements ranging from a drop of 16.96 per cent ($75,228) to an increase of 20.42 per cent ($109,089).

“There was strong optimism around traders, where 33 per cent of all BTC contracts traded were calls purchased (upside exposure) and 27.9 per cent were puts sold (belief BTC will not fall),” he stated.

Mr Forster, however, noted that market projections are less optimistic for Ethereum (ETH), giving it a 15 per cent chance to exceed $4,000 or drop below $2,600 by December 27.

According to him, the expected price movements for ETH are also significant, with similar wide ranges anticipated – a 68 per cent chance of a move between -19.18 per cent ($2,510) and +23.73 per cent ($3,843).

“The CFTC’s recent clearance for spot Bitcoin ETF options, coupled with anticipated approval from the OCC, saw a new record high in daily activity on Derive.xyz on November 17.

“This activity coincides with the launch of these options at major exchanges and highlights the growing appeal of volatility trading.

“These developments create cross-venue arbitrage opportunities between spot and ETF markets and amplify hedging activities.

“A new category of volatility traders is emerging, and as institutional investors begin selling volatility, we expect cheaper options and increased leverage to become available for retail traders, potentially leading to occasional gamma squeezes.

“These dynamics mirror past stock market movements and could amplify price movements in Bitcoin,” he stated.