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Crypto analyst: BTC may break through $100,000, provided that the high yield rate drops below 7%
2024-05-15 06:22
Odaily News Crypto analyst Timothy Peterson said that the US high yield is a good indicator for predicting BTC prices, and BTC prices may break new highs and reach the much-anticipated $100,000 in the fourth quarter of 2024 or the second quarter of 2025 at the latest, but the premise is that the high yield needs to fall below 7% or 6%. The main basis is that he believes that the price trend of Bitcoin is mainly similar to the trend of interest rates. At the same time, according to YCharts data, as of press time, the US high yield (representing the interest rate of high-yield corporate bonds because of their higher risk of default) is 7.54%. (Cointelegraph)