Analyst: BTC is expected to break through $100,000, provided that U.S. high yields fall below 7%

ChainCather news, crypto analyst Timothy Peterson stated that the U.S. high yield is a good indicator for predicting BTC prices, which may break new highs, reaching $100,000 by the fourth quarter of 2024 or at the latest by the second quarter of 2025, provided that the high yield needs to drop to 7% or below 6%. The main basis is his belief that Bitcoin's price trend is primarily similar to the trend of interest rates.

Meanwhile, according to data from YCharts, as of the time of writing, the U.S. high yield (representing the interest rate of high-yield corporate bonds, due to their higher default risk) is 7.54%.