Bitcoin price could reach $100,000 by the end of the year, according to crypto analyst Ash Crypto.
The past halving cycles indicate a consolidation phase before price breakout, with Bitcoin having consolidated for 161 days since the April halving event.
Factors supporting the potential price breakout include China's monetary easing policies, US Federal Reserve's interest rate cuts, the Bank of Japan's dovish stance, and other factors such as Donald Trump's potential US presidential win, Spot Bitcoin ETF accumulation, low Bitcoin flow to exchanges, FTX repayments, Russia's plan to use cryptocurrencies for cross-border payments, and increased global money supply.
The crypto market has not fully factored in these bullish fundamentals, and a new all-time high for Bitcoin is expected.