TechFlow news, on December 5, ARK Invest research associate David Puell posted on social media X stating that Bitcoin's price has broken through the $100,000 mark. He noted that in their "Bitcoin Cycle" research report released a month ago, they had predicted an end-of-year price target range of $104,000 to $124,000 for Bitcoin. This forecast was based on the average performance multiples calculated from all sample years and halving years between 2011 and 2023.
David said that Bitcoin has now reached the lower bound of the predicted range, and they are looking forward to Bitcoin's performance for the remainder of 2024 and into 2025.
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