Analyst Predicts Bitcoin May Never Fall Below $100,000 Again

Crypto analyst PlanB suggests that Bitcoin may not fall below $100,000 again, as it has turned this level into support. This follows five consecutive months of closing above $100,000 and mirrors past price behaviors at lower benchmarks.

Despite predictions of a drop to $90,000, Bitcoin rebounded from $108,000 to a new all-time high over $126,000.
October is historically Bitcoin's second-best performing month.
Bitcoin has stayed above $100,000 since May 8, marking its longest streak above this level.
Polymarket data shows only a 25% chance of Bitcoin falling below $100,000 by year-end.

The bullish sentiment continues with analysts like Titan of Crypto noting that the market remains strong, suggesting Bitcoin could reach $160,000 by year-end. JPMorgan and Standard Chartered also predict potential prices of $165,000 and $200,000 respectively.

Currently, Bitcoin trades around $122,000, showing an upward trend in the last 24 hours.